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Former Prison Guard Loses RE License
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February 10, 2009
A real estate agent whose actions are being questioned after more than 150 foreclosures and millions in losses occurred after his involvement is not being charged.
Officials said they don't have a case against a former real estate broker Danny DeGrande. Although DeGrande, 37, was the focus of several mortgage fraud investigations the Attorney General said that his office didn't have the jurisdiction to pursue any crimes DeGrande may have committed.
Two appraisers who had allegedly inflated property values for DeGrande had their licenses revoked by the state, Richard "Ricky" Schock and James Esters. And an associate broker of DeGrande's, John Cribari, voluntarily surrendered his mortgage broker's license, according to the Colorado Division of Real Estate.
Read story at Rocky Mountain News
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