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Apartment Complex Owner Convicted of $3M Mortgage Fraud

An Augusta, Georgia apartment building owner has been found guilty of federal crimes related to fraudulently obtaining an almost $3 million mortgage. So reports local WRDW.

prison icon 2071965 640 small 280x186Jerome Walter Kiggundu, managing member of Nakaddu LLC, aka Kiggun Properties LLC, faces up to 30 years in prison following his conviction.

U.S. Attorney David Estes said in a statement, “Kiggundu spun a web of financial lies to obtain a loan for millions of dollars, and then compounded those falsehoods by committing bankruptcy fraud and lying under oath when he was confronted about it.”

Read the full article from WRDW.

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