Saturday, March 31, 2012

Mortgage Fraud: Hollywood man gets 150 years for mortgage fraud - OrlandoSentinel.com

Mortgage Fraud: Hollywood man gets 150 years for mortgage fraud - OrlandoSentinel.com:

'via Blog this'

A 61-year-old Hollywood man was sentenced to 150 years in prison, in Maryland federal court on Friday, for his role in a massive mortgage fraud scheme that cost more than 1,000 investors $78 million, according to U.S. Attorney Rod J. Rosenstein.
Andrew Hamilton Williams Jr. promised to pay off homeowners' mortgages on their "dream homes," but left them to fend for themselves when their money was spent. On Nov. 10, a federal jury convicted Williams on wire fraud and money laundering charges, prosecutors said.

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