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View Full Version : NJ man gets 14 years for $140 million mortgage fraud - Reuters



FraudNews
02-24-2011, 09:41 PM
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NJ man gets 14 years for $140 million mortgage fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGPPu5Q0rgxFfAsjCq8BMqtm9Z2CQ&url=http://www.reuters.com/article/2011/02/24/us-mortgage-fraud-sentencing-idUSTRE71N77L20110224)
Reuters
Michael McGrath, 47, had pleaded guilty in June 2009 to two counts of conspiracy, including one to commit mail and wire fraud and one to commit money laundering. The defendant had run US Mortgage Corp, a Pine Brook, New Jersey, lender and broker that ...
Former Mortgage CEO McGrath Gets 14 Years in Prison (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNF9Wx8dObMTAMwvXlKFQ3gnaPf6-A&url=http://www.cutimes.com/News/2011/2/Pages/Former-Mortgage-CEO-McGrath-Gets-14-Years-in-Prison.aspx)Credit Union Times

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