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Appraiser with Ties to Developer Katz Indicted
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May 27, 2009
An appraiser with suspicious ties to a developer who has fled the country has been indicted for defrauding Flagstar Bank and five other lenders.
Perry Berardino, former owner of Perth Appraisal Inc. in Pennsylvania, has been charged with two counts of bank fraud relating to the preparation of fraudulent property appraisals for agents at America's Mortgage Outlet, who also submitted false information on loan applications.
Berardino has been linked to Bernardo Katz whose development of more than 100 properties and their subsequent mortgage defaults has been under suspicion for years. No charges, however, have been filed against Katz.
Read story at The Post-Gazette
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