Tuesday, October 25, 2011

CA Appraiser Guilty in Mortgage Fraud Scam


"Lila Rizk was a licensed real estate appraiser based in Orange County, California. She did business with Mark Abrams, a mortgage broker, and his business partner Charles Elliott Fitzgerald, a real estate developer. Between July 2000 and January 2003, Abrams, Fitzgerald, and others associated with them initiated and carried out a scheme to defraud mortgage lenders.

Losses to these lenders in total exceeded $40 million."

The court opinion is here.

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