Former Highgate Manor Operator Pleads Guilty in $11 Million Multi-State Mortgage Fraud Scheme

Albany, NY – September 15, 2009 – (RealEstateRama) — The Office of the United States Attorney for the District of Vermont stated that Benjamin Osmanson, 30, of California and Sarita, Texas, pleaded guilty yesterday to three counts of conspiracy, wire fraud, and money laundering related to his scheme to defraud mortgage lenders by submitting false loan applications in the names of “investors.” Osmanson was arrested in October 2008 in Texas.


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