FBI: Lake County Man Indicted in Alleged $3.2 Million Mortgage Fraud Scheme Involving Properties in Chicago’s Englewood Community

Chicago, IL-(ENEWSPF)- A Lake County man who operated two real estate–related firms was indicted on federal mortgage fraud charges. The defendant, Conrad Ulz, allegedly engaged in a scheme to fraudulently obtain 13 residential mortgage loans, totaling approximately $3.2 million, from lenders to purchase properties in Chicago’s Englewood neighborhood. The indictment alleges that Ulz paid buyers to purchase the properties and promised them no out-of-pockets costs and then made false statements to lenders on their behalf.…