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Real Estate & Property Law

: The Home Equity Theft Reporter

NYC Convicted Deed Thief, Welfare Cheat Now Faces New Charges In Alleged Straw Buyer Scam

By r morris

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In New York City, the New York Daily News reports:Old con men never die - they just find a new scam. Herbert Steed, who famously went to jail in the '90s for collecting welfare while living large in a Trump Tower pad,(1) is now charged with a fresh $1.5 million mortgage ripoff. The 78-year-old fraudster faces up to 65 years in prison for allegedly using fake buyers to purchase properties in

Full post as published by The Home Equity Theft Reporter on August 20, 2009 (boomark / email).

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