Preet Bharara, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer Michael Hershkowitz was sentenced to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages. According to the documents filed in the case in Manhattan federal court, Hershkowitz, working through a Manhattan real estate development company, The Kingsland Group Inc., and related entities (collectively, The Kingsland Group), fraudulently induced approximately 100 individuals tRead more

More state and national mortgage news and mortgage press releases:

1. Leading Real Estate Companies of the World aligns with LPS’ Real Estate and Living Media Network Lender Processing Services Inc. (LPS), a provider of integrated...
2. Lender Processing Services announces formation of LPS Real Estate Group Lender Processing Services Inc., a provider of integrated technology...
3. Center for Public Integrity report: Banned appraisers return as real estate agents In 2007, a Florida real estate appraisal trainee name...
4. Real Estate Systems launches Accelerated Management Platform (AMP) Real Estate Systems (RES.NET) has announced the launch of...
5. FNC launches real estate valuation tool FNC Inc. has announced the launch of the Collateral...

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