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RE Agent was Notoriously Guilty
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February 20, 2009
A real estate agent who pleaded guilty to bank fraud and money laundering had an apparent reputation for holding wild parties that would necessitate a visit from the authorities.
Oladipo Olafunmiloye, pleaded guilty to defrauding mortgage lenders out of at least $921,000. Federal agents, the U.S. Secret Service and the IRS began investigating Olafunmiloye over a year ago and agents raided his 11,000-square-foot, $3 million mansion in November 2007.
A security guard was shot at the home in June 2005 during a party hosted by former Washington Redskins linebacker LaVar Arrington. A judge shut down the parties on a technicality.
Read story at Hometown Annapolis
Read Press Release Department of Justice
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