Robert Mueller Accuses Paul Manafort Of Committing Mortgage Fraud

Special Prosecutor Robert Mueller Accuses Paul Manafort Of Committing Mortgage Fraud And Bank Fraud

Special Prosecutor Robert Mueller has charged Paul Manafort with more crimes. Mueller has now added a number of allegations of bank and mortgage fraud.

Manafort has already been charged with laundering millions of dollars in foreign money through American real estate.

Mueller’s team has detailed how Manafort misrepresented the nature of his income. Mueller's indictment also showed Manafort used the properties to obtain millions of dollars in mortgages.
Mueller's previous allegations surrounded the handling of foreign money Manafort received from foreign governments.

Mueller has now openly accused Manafort of committing mortgage fraud. Manafort allegedly made fraudulent representations to The Federal Savings Bank. The bank gave Manafort over $9 million in loans secured to the property.

The Federal Savings Bank is a privately held niche bank in Chicago. It focuses on mortgage lending to a select clientele.

Manafort and associate Richard Gates face nine separate bank fraud charges. All the charges relate to alleged misrepresentations made to several different lenders in order take $20 million from lenders.

Read more at MFI-Miami


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