Wisconsin Banking Update
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Ex-Loan Officer Sentenced for Fraud
Posted on November 24th, 2010 No commentsA former loan officer at Park Bank in Madison who took part in a scheme to issue fraudulent mortgages was sentenced to three months in federal prison. The employee worked with a former real estate agent and tax preparer to issue dozens of mortgages totaling $8 million to people who otherwise would not have qualified, the Wisconsin State Journal reported.Leave a reply