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PAR4THECOURSE

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"It is a thousand times better to have common sense without education than to have education without common sense." - Robert Green Ingersoll
Articles Posted: 13  Links Seeded: 27913
Member Since: 8/2009  Last Seen: 2/10/2012

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Defendant Pleads Guilty in Mortgage Fraud Case Related to Collapse of Desert Sun Development

Seeded on Mon Feb 1, 2010 11:01 AM EST
Read ArticleArticle Source: United States Attorney's Office
us-news, oregon, federal-grand-jury, bank-fraud, eugene, fraud-charges, desert-sun-development, mortgage-and-loan, multiple-indictments, 13-defendants
Seeded by Par4TheCourse
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EUGENE, OR—Michael A. Wilson, 58, of Murrells Inlet, South Carolina, pled guilty yesterday in U.S. District Court to bank fraud. In November 2009, multiple indictments were returned by a federal grand jury against thirteen defendants, including Wilson, on a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development ("DSD"), a commercial and residential construction company headquartered in Bend, Oregon. Wilson's Sentencing is set for June 28, 2010.

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