Posted inCharlene Crowell, Columnists, Financial Literacy, Op-Ed, Opinion

Mortgage Officials Fined, Imprisoned for Fraud

Perpetrators in a mortgage fraud scheme that targeted black consumers in the Los Angeles area have been sentenced to federal prison and fined. On Oct. 24, United States District Judge S. James Otero sentenced Paul Ryan, a former mortgage loan officer and mortgage broker Chester Peggese for illegal activities that operated from early 2007 until March 2010.