| |
|
|
|
|
Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
|
|
| |
Sentencing in Twin Cities Fraud
|
| |
April 17, 2009
Two men were sentenced to years in federal prison for their roles in one of the largest mortgage fraud schemes Minnesota has ever seen.
A judge told Jonathan Helgason and Thomas Balko that they knew what they were doing couldn't be done without lying about it, as she sentenced them to eight and seven years respectively. The pair ran the scheme for three years utilizing 162 properties.
Prosecutors said Helgason and Balko bought and resold houses, at fraudulently inflated prices, to investors in north Minneapolis. Helgason was given an extra year because he held a state real estate license, putting him in a position of public trust, the judge said.
Read story at The Star Tribune
|
|
|
