Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Former CEO guilty of defrauding major lender

Notify me of new replies via email
Mortgage Professional America | 12 Jun 2013, 08:00 AM Agree 0
The former CEO of a mortgage servicing company has pleaded guilty today over a scheme to defraud a major lender out of more than $8m
  • Shaheed Bailey | | 13 Jun 2013, 05:14 AM Agree 0
    This is sad!!! Are there any honest CEO's in the world? Now I see why it is so gard for me to raise capital for my company. Investor confidence is down because so-called CEO's have bad business practices and are unethical. American Greed is shadowing the American Dream. It is showing wantrepreneurs that there is an easy way to look like you have achieved success and then you have entrepreneurs like myself that put bood, sweat, tears and sleepless nights into their company and cannot get a real break. I just dealt with a guy that was just recently arrested for fraud. Fredrick D. Scott, the so-called 3.7 billion dollar hedge fund manager that scammed investors out of their money tried to play on my willingness to get my company seeded and tried to take what little I had to feed his addiction with ripping people off!!! I am so tired of hearing about good people being hurt and our economy suffering because people want to take the fast lane. The race is for the slow and steady not the swift at heart!! It's disgusting and makes me sick to my stomach.
  • steve | | 10 Aug 2013, 08:35 AM Agree 0
    This is his fault. He should have known only Congessmen are above the law.
Post a reply