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Developer Bob Morgan Pays $16.3M to End Mortgage Fraud Case

Friday, Apr 22 2022
Originating
Written by  The Mortgage Leader

Robert “Bob” Morgan has agreed to surrender $16.3 million to settle prosecutors’ mortgage fraud charges against the Rochester, N.Y., developer. So reports The Buffalo News.

money 1428594 640 small 601x400In papers filed in court, Morgan admitted to no guilt or wrongdoing as part of the deal.

The court documents emerged after Morgan pleaded guilty to a single felony charge, likely sparing him prison time.

Read the full article from The Buffalo News.

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