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Duo Sentenced for Defrauding Banks in “Shotgun” Loan Scheme

Mortgage Fraud Blog.

Michael Arroyo, 60, Bronx, New York, and Rafael Popoteur, 67, Ridgefield Park, New Jersey,  a New York real estate broker and a Bergen County, New Jersey, homeowner were sentenced today for their respective roles in a $3.5 million scheme to use false information and simultaneous loan applications at multiple banks to fraudulently obtain home equity […]

The post Duo Sentenced for Defrauding Banks in “Shotgun” Loan Scheme appeared first on Mortgage Fraud Blog.



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Duo Sentenced for Defrauding Banks in “Shotgun” Loan Scheme

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