Mortgage broker gets 2 years in prison in fraud scheme

Mortgage broker gets 2 years in prison in fraud scheme.

 

From the story:

“In the case of one property, a vacant lot in Elkridge that he owned with a family member, Skibicki in June 2006 filed a loan application for $350,000 to refinance the property. His appraiser prepared a fraudulent appraisal, including photographs, that indicated there was a 2,040-square-foot house on the property.”

This was not a smart thing to do.

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