Estimated reading time: 0 minutes, 23 seconds

Mob Associate Gets Four Years for Real Estate Scam

Saturday, Apr 17 2021
Originating
Written by  The Mortgage Leader

A man associated with the Philadelphia mob has been sentenced to four years and one month in prison for his part in a scam that included stealing would-be homebuyers’ down payments, according to federal authorities. So reports the Philly Voice.

Scam road sign 464653 1920Stephen Sharkey of New Jersey pleaded guilty in September 2020 to engaging in two fraudulent mortgage-closing schemes.

Sharkey was also sentenced to three years of supervised release and ordered to pay $296,000 restitution.

Read the full article from the Philly Voice.

Read 2452 times
Rate this item
(0 votes)
More in this category: « Ask The Expert: Prospects Are Shopping More Because Rates Have Risen Short-Sale Mortgage Scheme Nets Two-Year Prison Sentence »

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