Two individuals who defrauded homeowners in a “foreclosure rescue” con pleaded guilty yesterday. Over 80 households fell victim to the scam which netted the criminals $20 million in home equity loans and $1.4 million in fees.
Maurice McDowall is credited as the director of the illegal operation. His sentencing could reach up to 30 years in prison. He is being charged with conspiracy to commit bank fraud, wire fraud, and for his illegally acquired money.
The second man, Aleksander Lipkin, faces similar charges. He used his knowledge as a mortgage broker to assist the scam.
If you are in need of a criminal defense lawyer in San Jose, contact the law office of Daniel Jensen today by calling 408-296-4100.
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