A federal jury has convicted a 42-year-old Bellevue man accused in a mortgage fraud scheme, the U.S. Attorney’s Office announced Monday. Charged in November, Mark Steven Ashmore stood accused of using two companies he owned — Equity Solutions Northwest and Remarkable Properties LLC — and connections in the mortgage industry to conduct the wide-ranging fraud. Late Monday, a U.S. District Court in Seattle convicted Ashmore of conspiracy and three counts of wire fraud following a five day jury trial, according to the U.S. Attorney’s Office statement. The jury deliberated about four hours before returning its verdict.
Bellevue man convicted in massive mortgage fraud scheme
September 21, 2010, 10:51am
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio