NY Man Indicted For $20M Mortgage Fraud Scheme

Osmond Decoteau, 48, was indicted and charged with wire fraud for masterminding a scheme to defraud mortgage lenders and banks of more than $20 million in connection with the sale of several properties located in Brooklyn, New York and Florida. The defendant’s arraignment is scheduled before U.S. Magistrate Judge Roanne L. Mann at the U.S. Courthouse in Brooklyn.

Mortgage lenders often employ loan servicers to collect monthly mortgage loan …

Read More…

Original post by default@goarticles.com (Dane Smith)

Leave a Reply

You must be logged in to post a comment.