Three Charlotte men to plead guilty in real-estate fraud case (refinance, home equity loan)

[SunnyKayak]

Three Charlotte men have agreed to plead guilty after taking $2.4 million
from clients of their bankrupt real-estate-closing firm.
Jerry Holmes and Scott Pace, owners of The Settlement Source,
face 10 years in prison, $500,000 fines and forfeiture of money and property gained in the scheme,
while Steven Wray, the company's director of finance and administration,
faces five years in prison and a $250,000 fine.

Pleas set in theft of $2.4 million - CharlotteObserver.com (http://www.charlotteobserver.com/2010/05/27/1460524/pleas-set-in-theft-of-24-million.html - broken link)

[Keith Roe]

Going to jail, no stopping at Go!!!!!

[chicagocubs]

People like them make things more difficult for anyone that wants to refinance or get a home equity loan.

[Barkingowl]

"Steve is someone who had a difficult time saying no, even when he knew what he was doing was not right," he said.

I bet that defense didn't work too well.

[Barkingowl]

And not to be outdone we have a contender from Ft. Mill.
Spending sprees, luxury vacations detailed in lawsuit - CharlotteObserver.com (http://www.charlotteobserver.com/2010/05/27/1460537/spending-sprees-luxury-vacations.html - broken link)

[Keith Roe]

Some of that money was spent on trips that York County Councilman Paul Lindemann took with Brandenburg and Richards, including a trip to Miami and one to Atlantic City. But Lindemann, paid to recruit business for the firm, said he didn't know at the time that the money came from escrow payments.
"I feel bad that they were spending other people's money," Lindemann said.

SHADEY!!!

I Feel bad he was spending other peoples money!