Chicago developer sentenced for loan fraud

Chicago developer sentenced for loan fraud

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 · On Monday, August 21, 2017, a Chicago real estate developer was sentenced to three years in prison for his involvement in a fraud scheme. The scheme was linked to a $105 million line of credit secured by city and suburban properties.

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Condominium developer Warren Barr III could be sentenced to prison after pleading guilty to a federal fraud charge in connection with a South Loop project. Barr changed his plea on June 17 to.

Ex-Illinois judge gets year in prison for mortgage fraud –  · CHICAGO (AP) – A former Illinois judge convicted of mortgage fraud has been sentenced to one year and one day in prison. Former Cook County Circuit Judge Jessica O’Brien sobbed loudly in court Thursday before U.S. District Judge Thomas Durkin handed down the sentence. O’Brien was convicted of fraudulently obtaining mortgages for Chicago investment properties and.

CHICAGO-Following an announcement today by Attorney general eric holder in Washington, D.C., Patrick J. Fitzgerald, united states attorney for the Northern District of Illinois, announced the local results of the nationwide initiative, Operation Stolen Dreams, which targeted alleged perpetrators of mortgage fraud in the Chicago area and throughout the country and is the largest collective.

A Riverside res ident could face time in federal prison after pleading guilty to making a false statement to a financial institution in connection with a bank fraud case involving a South Loop condominium development called Vision on State, 1255 S. State St. in Chicago.. On June 17, Warren Barr III, 64, accepted a deal with federal prosecutors and pleaded guilty to one count of a 13-count.

CHICAGO – A former Chicago lawyer was sentenced to 15 years in federal prison for engaging in mortgage and bankruptcy fraud schemes involving a so-called "mortgage bailout"program that purported to "rescue" financially-distressed homeowners but instead tricked victims into relinquishing title to their homes and declaring bankruptcy.

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GRAND RAPIDS, MI – Former real-estate developer Charles Patrick Gahan was sentenced Wednesday, Nov. 4, to five years and 10 months in federal prison in an $8 million "mortgage-stacking" scheme.

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A federal judge sentenced a Chicago real estate developer to three years in prison in connection with a fraud scheme related to a $105 million line of credit secured by city and suburban properties, including the Streets of Woodfield Mall in Schaumburg.

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