Mortgage

Colorado homebuilder indicted in mortgage fraud scheme

 

The president of a Littleton, Colo., homebuilding company was indicted by a federal grand jury on charges of wire fraud, mail fraud and money laundering, according to U.S. Attorney John Walsh.

The indictment alleges that between January 1, 2005, and July 31, 2008, Peter Vincent Capra “executed and attempted to execute a scheme to defraud mortgage lenders through the use of applications for residential mortgage loans and related documents associated with real estate purchases in the Denver Metro area,” according to the Denver Business Journal.

Read more here.

— Kerry Curry

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