FLORIDA – Six plead guilty in condo fraud scheme

South Florida Business Journal:  Six plead guilty in condo fraud scheme
By Shaun Bevan
May 16, 2014

Six Miami residents, including three former loan officers, pleaded guilty this week to participating in a fraud scheme that sold condo units to straw buyers, causing millions of dollars in losses to lenders.

Leidy Masvidal, 42, of Miami pleaded guilty to conspiring to commit bank fraud. Alfredo Jesus Chacon, 48, of Orange Park, and Francisco Martos, 63, and Dorian Wong Magarino, 49, both of Miami, also pleaded guilty today to conspiring to commit wire fraud and mail fraud.  Read more:

Posted on May 24, 2014, in Uncategorized. Bookmark the permalink. Comments Off on FLORIDA – Six plead guilty in condo fraud scheme.

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