Summary of the Article
To perpetrate such a scheme, the owner works in concert with a real estate closing agent and title agent who will assist in the fraud by not disclosing …[otw_is sidebar=otw-sidebar-1]
GRAND RAPIDS, MI – The FBI arrested a West Michigan real estate developer for his alleged role in an $8 million mortgage scheme.
Charles Patrick Gahan, 51, is indicted on a charge of conspiracy to commit wire fraud affecting financial institutions. Last year, he reached a plea deal with federal prosecutors but the plea never happened.