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March 4, 2009
A 63-year-old man has pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud, although, more than 200 fraudulent mortgages were funded during the multimillion-dollar mortgage fraud scheme.
William Athan, of Connecticut and Naples, Fla. waived his right to indictment and pleaded guilty to the $3.6 million scheme. Athan, through his real estate investment company, allegedly participated in a straw buying scheme along with Jose Guzman and Brian Guimond using properties located in Connecticut.
Athan faces up to 20 years in prison and a fine of up to $7.2 million. Guzman and Guimond have also pleaded guilty and are awaiting sentencing.
Read story New Haven Register
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