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Posts tagged "real estate fraud"

$20 Million Mortgage Fraud gets Miami Beach Realtor Prison Time

One Miami man won't be living in the luxurious homes he has been used to thanks to his part in a $20 million mortgage fraud that spanned from South Beach to Ft. Lauderdale. Now, he'll spend 15 years in prison and have five years of supervised release following his prison time. That comes out to roughly one year of federal corrections supervision for each million dollars of fraud.

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