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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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Former Georgia Closing Attorney Sentenced to Prison in Multi-Million-Dollar Mortgage Fraud Scheme

Seeded on Mon Mar 15, 2010 1:56 PM EDT
Read ArticleArticle Source: US DOJ - FBI - US Attorney Office
us-news, attorney, multimillion-dollar-mortgage-fraud-scheme, sentenced-to-prison, closing-attorney
Seeded by Par4TheCourse
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ATLANTA—Trent Edward Wright, 38, of Cumming, Ga., was sentenced today by U.S. District Judge Timothy C. Batten, Sr. to serve one year and nine months in federal prison on a mail fraud charge involving a mortgage fraud scheme which victimized lenders and title insurance companies.

Acting U.S. Attorney Sally Quillian Yates said of today's sentencing, "Lenders and title companies relied on this defendant as their closing attorney and agent and he was in a position of trust. He was supposed to pay off all prior encumbrances on properties to secure loans, and pass clear title as warranted by the title insurance. He didn't. Now he is going to federal prison."

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