Homebuilder Sentenced for Mortgage Fraud
Posted on Apr 11, 2011 4:40pm PDT
A Romeo, Michigan homebuilder has reportedly been sentenced to six months in prison for a mortgage fraud matter. Giuseppe Cracchiolo has also reportedly been sentenced to pay $1.6 million in restitution. Cracchiolo reportedly pleaded guilty to wire fraud and allegedly helped to run a scam that led to the approval of more than $4.1 million in bogus mortgage loans. Others were reportedly also charged in the fraud scheme.
It’s important that you understand the seriousness of fraud charges as they can result in heavy fines and possible jail time among other consequences. You need to know how to handle your case and protect your rights during this difficult time. You do not have to suffer if your matter is resolved in the best way possible. By employing assistance with your case, you will be able to move forward with your life.
If you or someone you know is facing fraud charges then it is in your best interest to work with a criminal defense attorney who will be able to help you settle this matter. By working with a defense lawyer, you will have your rights protected throughout this process. You can count on a defense attorney to always have your best interest in mind while dealing with court proceedings. Please take some time today to contact a criminal defense lawyer and begin discussing your case.
