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January 26, 2009
A former executive for a south Florida lender pleaded guilty to fraudulently altering information on almost 3,000 loans in order to boost his compensation.
Steven Gordon, 49, admitted to inflating the value of mortgage loans over a five-year period, which affected the value of more than 2,800 loans. Gordon received more than $2.8 million in bonuses from the fraud scheme.
Sentencing is scheduled for April 23.
Read stories at BizJournals and The Miami Herald
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