New york mortgage lending

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Third Vanguard Funding exec admits guilt in $8.9 million embezzlement scheme

Feb 06, 2019By

The saga of the New York-based Vanguard Funding’s embezzlement scheme isn’t over just yet. On Tuesday, former President of Sales Edward Bohm became the third exec to admit his role in the crime, pleading guilty to conspiring to commit wire fraud and bank fraud in connection with a scheme to embezzle $8.9 million in warehouse loans that were supposed to fund mortgage loans.

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

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