Mortgage Broker and Real Estate Investor Plead Guilty, Sentenced in Connection with Operating Elaborate Mortgage Fraud Scheme

BOSTON, MA – November 19, 2010 – (RealEstateRama) — A real estate investor and a local mortgage broker have pled guilty for their roles in a complex scheme in which fraudulent documents were used to defraud homeowners and mortgage lenders in real estate transactions involving 26 distressed properties in the Greater Boston area, Attorney General Martha Coakley’s Office has announced.