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April 6, 2009
A developer pleaded guilty to running a mortgage fraud scheme that stripped equity from homes, duped investors and left homes without promised renovations.
Robert Douglas Hartmann, 46, was involved with the transactions on hundreds of residential properties in St. Louis and in Michigan. Hartmann admitted to providing false information to obtain at least $250,000 in mortgages.
Sentencing is set for June 23. He faces up to two years in prison if the court accepts a plea deal.
Read story at BizJournals
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