The 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.
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Navigating the New Terrain of Mortgage Originations
Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Convicted Scammer Admits to $20M Fraud During Pretrial Release
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.
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