One of the largest mortgage fraud crimes in Minnesota tops the 2008 list for white-collar crime in that state.
Michael Parish was at the center of what prosecutors called the largest mortgage fraud scheme in Minnesota. Parish and his co-conspirators recruited straw buyers for about 200 homes resulted in an estimated $20 million in losses.
Officials said the scheme might depress home prices in that south metro area of Minnesota for years. Parish is serving a 13-year sentence for his role in the scheme.
