June 29, 2024
Mortgage

Real estate investor pleads guilty to $54.7M mortgage fraud conspiracy in Michigan, other states

A New Jersey man pleaded guilty to orchestrating an extensive multi-year conspiracy, defrauding lenders of over $54.7 million in loans and acquiring numerous multifamily and commercial properties. Court documents revealed that Aron Puretz, 53, meticulously conspired with others over a six-year period to deceive lenders into issuing multifamily and commercial mortgage loans between 2016 and

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