Fla. Finance Exec Charged With Mortgage Scam

Law360, New York (December 12, 2008, 12:00 AM EST) -- A financial executive of a Florida mortgage securitizer has been accused of a multimillion-dollar scam to jack up the value of home loans and pocket inflated commissions, according to federal prosecutors.

Steven Gordon, 49, a partner and managing director at Coral Gables, Fla.-based Bayview Financial LP, was arrested by the FBI and charged with one count of wire fraud Friday, the U.S. Attorney for the Southern District of Florida said.

Gordon, who held the title of director of residential acquisitions at Bayview, allegedly defrauded the company...
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