Multi-Million Dollar Fraud Scheme Causes Commercial Property Default


Fraud ExpertThis case involves alleged mortgage fraud and larceny from a major banking institution. The defendants were accused of fraudulently obtaining mortgage funds in excess of $12 million pertaining to the purchase of a commercial property. The DA alleged that the defendants pushed through more than $12 million in fraudulent mortgage loan transactions in 2 years by falsely inflating the income and assets of the borrowers. They claimed the defendants’ alleged actions resulted in the commercial property going into default. An expert in mortgage fraud was sought to opine on the case.

Question(s) For Expert Witness

  • 1. Please describe your background in mortgages.

Expert Witness Response E-007838

I have 25+ years of experience as a licensed real estate broker and mortgage broker. I have extensive experience with mortgages, HUD settlement statements, state banking department regulations, and closing settlements. I currently serve as the president and CEO for a commercial real estate brokerage and a mortgage consulting firm. There are several aspects to this case that I would like clarified which I would be happy to discuss with the attorney.

 

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