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Multiple Texas Banks Suffer at Least $10,000,000+ in Losses After Lending Intermediary Uses Forgeries To Obtain Loans for Customers

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A Dallas loan broker received a 58-month prison sentence and must pay over $8.3 million in restitution after pleading guilty to conspiracy to commit bank fraud. The scheme at Preferred Marketing Group used fabricated documents to obtain at…

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Multiple Texas Banks Suffer at Least $10,000,000+ in Losses After Lending Intermediary Uses Forgeries To Obtain Loans for Customers
The Daily Hodl 1h ago

Multiple Texas Banks Suffer at Least $10,000,000+ in Losses After Lending Intermediary Uses Forgeries To Obtain Loans for Customers

A Dallas loan broker received a 58-month prison sentence and must pay over $8.3 million in restitution after pleading guilty to conspiracy to commit bank fraud. The scheme at Preferred Marketing Group used fabricated documents to obtain at…