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.
Seeded on Mon Feb 1, 2010 11:01 AM EST
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