Estimated reading time: 0 minutes, 24 seconds

Convicted Scammer Admits to $20M Fraud During Pretrial Release

Saturday, Mar 11 2023
Originating
Written by  The Mortgage Leader

A Florida businessman has acknowledged committing loan fraud while on federal pretrial release, after being sentenced to 25 years in prison for a separate $179 million mortgage scam, according to the Department of Justice. So reports the Orlando Sentinel.

fraud 2695269 640smallThe DOJ said that Nikasha Patel, 38, of Orlando, entered a guilty plea to a 13-charge indictment over nearly $20 million in fraud.

He was convicted in 2018 over the previous mortgage fraud scheme, which ran from 2010 to 2014.

Read the full article from the Orlando Sentinel.

Read 1380 times
Rate this item
(0 votes)
More in this category: « Ask The Expert: When to Ask a Customer for a Referral? FTC Votes 4-0 to Block Black Knight’s Acquisition by ICE »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline