Leib Pinter

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Former Mortgage Exec Sentenced for Wire Fraud

Mar 19, 2009By

Signaling that the U.S. Department of Justice is stepping up its investigation into mortgage fraud, the DOJ on Thursday afternoon said that Leib Pinter, 64, a former executive of Olympia Mortgage Corp., was sentenced today to 97 months in prison for orchestrating a scheme to defraud Fannie Mae [stock FNM][/stock] in connection with loans refinanced by Olympia but owned by the GSE.