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Indiana Appraiser Sentenced

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Senior Member
Jan 15, 2002
Professional Status
Certified Residential Appraiser
Indianapolis Star reports the appraiser involved in a mortgage fraud scam was sentenced to 44 months in prison (federal time). Owner of mortgage company involved received 170 months and must pay restitution of more than $2 million.

Another mortgage broker is serving a 105 month prison sentence for a different scheme.

Hopefully a step in the right direction........Unfortunately, it seems this is the tip of the iceberg.
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