Mortgage Broker and Loan Officer Charged in Fraud Scheme

PHILADELPHIA, PA – September 28, 2010 – (RealEstateRama) — An indictment was filed today against Bernadette Nicholas, Kevin D. McAllister, and Wayne Rosen for engaging in schemes to defraud Wilmington Trust Federal Savings Bank and Malvern Federal Savings Bank involving properties valued at more than $35.5 million,