FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
New Jersey straw buyer indicted for role in $15M fraud
|
The Blotter
Thursday, September 4, 2014
|
|
An Essex County, N.J., man admitted conspiring to defraud financial institutions as part of a $15 million mortgage fraud scheme that used phony documents and “straw buyers” to make illegal profits on overbuilt condos, U.S. Attorney Paul Fishman announced.
Larry Fullenwider, 63, of Belleville, N.J., pleaded guilty before U.S. District Judge Jerome Simandle in Camden federal court to a second superseding indictment charging him with one count of conspiracy to commit wire fraud. Using the alias “Stanley Hyde," Fullenwider admitted purchasing four condominiums in North Wildwood, N.J., after presenting a false identification and using fake documents to support fraudulent loan applications.
TO READ THE FULL STORY
|
|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories