In 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.
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Rising Mortgage Rates and Their Impact on the Housing Market
Explore the effects of rising mortgage rates on the housing market, with insights into buyer behavior and real estate trends amidst economic shifts.
Estimated reading time: 0 minutes, 20 seconds
Developer Bob Morgan Pays $16.3M to End Mortgage Fraud Case
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.
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