Four Indicted in GSE Multifamily Mortgage Fraud Scheme
National Mortgage News, May 23, 2019–Bonnie Sinnock (subscription)
The 114-count superseding indictment alleges three people associated with real estate investor Morgan Management–CEO Robert Morgan, Project Manager Todd Morgan and Director of Finance Michael Tremiti–along with loan brokerage Aurora Capital Advisors’ owner Frank Giacobbe all engaged in a conspiracy to commit wire fraud and bank fraud against Fannie Mae and Freddie Mac.
