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February 3, 2009
A 27-year-old California con artist is asking for forgiveness of almost $1 billion in mortgage fraud in a confession posted on the home page of a mortgage company's Web site.
Christopher Warren is telling his tale of mortgage fraud that began after working for Ameriquest in 2001. Warren says he learned how to manipulate mortgage applications to get them approved and even how to hack into Ameriquest's computer system to approve loans himself.
In 2004 he left Ameriquest with the data on 680,000 customers and started his own mortgage company in Sacramento called WTL Financial where they faked credit scores and W-2s to sell $810 million in fraudulent loans to investors.
Read story at News 10
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