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Commercial News
11/4/2009 9:27:01 AM EST
UCC, Commercial Contracts & Business LC Staff
10 accused of mortgage fraud at PR coastal resort
SAN JUAN, Puerto Rico – (AP) A developer and nine other people, including a former salsa singer, have been charged in an alleged $14 million mortgage fraud in Puerto Rico, federal officials said Tuesday.
 
The suspects are accused of a scheme in which buyers allegedly took out loans using fake documents overstating the value of … Full version (available to lexis.com subscribers)

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