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Investor Pleads Guilty in $1M Mortgage Scam

Sunday, Sep 10 2023
Originating
Written by  The Mortgage Leader

A real estate investor has copped to his role in a $1 million mortgage fraud scam, according to authorities. So reports NJ.com.

jail 1287943 1280Cabral Simpson of Orange, New Jersey, pleaded guilty to one count of an indictment charging him with conspiracy to commit wire fraud, federal prosecutors announced.

The crime carries a maximum penalty of 20 years in prison.

Read the full article from NJ.com.

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