Ex-Home Lender To Pay $5.3M For Role In $23M Fraud
Peggy Persaud, a former branch manager for GuyAmerican Funding Corp., pled guilty to one count each of fraud and bank fraud for her role in the mortgage scheme in December 2009. Persaud admitted to helping mortgage applicants falsify documents, including employment documents, in the guilty plea entered in federal court in Manhattan.
Federal prosecutors said in a...
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