South Loop Condo Developer and Two Attorneys Among Six Defendants Indicted in $22.8 Million Mortgage Fraud Scheme

by Gary Kopycinski on May 19, 2014

Gary Kopycinski Author

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CHICAGO–(ENEWSPF)–May 19, 2014. A south loop condominium developer and two attorneys are among six defendants facing federal charges for allegedly engaging in a $22.8 million mortgage loan fraud scheme, federal law enforcement officials announced today. The defendants allegedly caused buyers to fraudulently obtain approximately 60 mortgages from various lenders to purchase condominiums at Vision on State, a 250-unit building located at 1255 South State St.