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Park Ridge NJ Fraudulent Short Sale-BBuy-Back / Straw Buyer schemer convicted of fraud

Mike Kennedy

Thread Starter
Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
George Bussanich Sr., 60, Park Ridge, New Jersey, today admitted his role in a scheme with his son to use straw buyers and short sales on properties to defraud mortgage lenders out of hundreds of thousands of dollars and to avoid paying taxes on the proceeds of the scheme.

 
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