Explore the latest trends in mortgage origination, focusing on digital transformation, personalized lending, and innovative strategies in a changing real estate market.
Estimated reading time: 0 minutes, 27 seconds
The owner of 70 multi-family properties has pleaded guilty to running what federal prosecutors described as a $150 million bank and securities scam lasting 10 years. So reports the Teaneck, N.J. Daily Voice.
New Jersey landlord Seth Levine told a U.S. District Court judge that he falsified refinancing applications for the properties, according to Acting U.S. Attorney for New Jersey Rachael Honig.
Levine also orchestrated a securities fraud scheme that bilked the properties’ investors, according to Honig. Sentencing was set for July 26.
