US Attorney Four Real Estate Investors Sentenced in Multimillion-Dollar Loan Scheme

[newsBot]

Press Release: U.S. Attorney’s Office, District of Maryland

Four real estate investors were sentenced in an extensive, multi-year conspiracy to fraudulently obtain multimillion-dollar loans on commercial and multifamily properties.

The above is only an excerpt of the article.

[ Read the rest of the article here. ]

 

[Monello]

Wait. You commit multimillion dollar fraud and all you are fined is $20K. I guess crime now does pay.

Aron Puretz was sentenced to 60 months in prison and ordered to pay $22,235,457 in restitution, and Eli Puretz was sentenced to 24 months in prison and ordered to pay $20,315,457 in restitution.

 

[Ken King]

Wait. You commit multimillion dollar fraud and all you are fined is $20K. I guess crime now does pay.

Elsewhere you said people can't math, can you engrish? Those restitution amounts are in the millions.

 

[Monello]

Elsewhere you said people can't math, can you engrish? Those restitution amounts are in the millions.

Well, I did go to public school.