multifamily mortgage fraud

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Top U.S. landlord charged with running Ponzi scheme in massive multifamily mortgage fraud probe

May 23, 2019By

Robert Morgan, one of the largest landlords in the country, was hit with multiple charges this week by both the DOJ and the SEC for allegedly running a Ponzi-type scheme that involves shuffling around money from investors and falsifying loan documents. The charges are the culmination of a cross-agency investigation into a massive multifamily mortgage fraud scheme that raises serious questions about GSE regulations for multifamily financing.

3d rendering of a row of luxury townhouses along a street

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