Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million

Massachusetts mortgage company founder jailed for defrauding ginnie mae out of $2.5 million According to Clayton’s bio on the Sullivan & Cromwell website, his experience includes: representing barclays capital in connection with its purchase of assets of Lehman Brothers out of. aiding one.

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Homeowner vs Bank of America: No Deed No Debt The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million. Court documents show that starting in 2011, Mortgage Security Inc. Founder Robert Pena began diverting money borrowers sent to MSI into private bank accounts.

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Mortgage Company President Charged with Defrauding Ginnie Mae BOSTON – The president and founder of a Falmouth mortgage company was charged in U.S..

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The president of a massachusetts mortgage company has been accused of defrauding Ginnie Mae out of nearly $3 million. Robert Pena, the founder and president of the now-defunct Mortgage Security, Inc., has been indicted on conspiracy and wire fraud charges, Mortgage company president accused of scamming Ginnie Mae for $3 million.

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Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million – The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million. Robert Pena.

FALMOUTH, MA – The president and founder of a now-defunct mortgage company in Falmouth was sentenced to prison Tuesday for defrauding the government out of $2.5 million, according to the U.S.