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: The Home Equity Theft Reporter

33 Months For Midwest Man In Scam Targeting Homeowners In Foreclosure; Filed Phony Liens To Pilfer Proceeds From Fraudulently Financed Sales, Say Feds

By r morris

In St. Louis, Missouri, the St. Louis Business Journal reports:[S]t. Louis real estate broker [Randall Penberthy Jr.] was sentenced to 33 months in prison Wednesday for a $500,000 bank fraud scam, the U.S. attorney?s office said.***Between late 2006 and October 2007, Penberthy recruited investors to buy residential real estate directly from distressed property sellers whose homes were in danger

Full post as published by The Home Equity Theft Reporter on May 23, 2010 (boomark / email).