Cabral Simpson of Orange, New Jersey, pleaded guilty to one count of an indictment charging him with conspiracy to commit wire fraud, federal prosecutors announced.
The crime carries a maximum penalty of 20 years in prison.
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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, 19 seconds
Investor Pleads Guilty in $1M Mortgage Scam
A real estate investor has copped to his role in a $1 million mortgage fraud scam, according to authorities. So reports NJ.com.
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