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March 24, 2009
The trial began for a real estate attorney accused of participating in a mortgage fraud flipping scheme involving 270 properties.
Victoria Sprouse was indicted along with five men in an alleged scheme that defrauded $15 million from various banks. Sprouse is accused of handling real estate closings that were back-to-back on the same property. One such property reportedly had two closings on one day, and the house sold for $100,000 more at the day's second closing.
Sprouse is being charged with bank fraud, mail fraud, money laundering, perjury and obstruction of justice.
Read story at WSOC TV News
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