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Loan Modification

: Loan Modification & Home Loan News

Mortgage broker who fled to Iran gets 9 years in prison

By Moe Bedard

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A Potomac man who fled to Iran after embezzling millions of dollars from Washington-area banks was sentenced to nine years in prison. A federal judge also ordered 49-year-old Michael Milan to pay more than $4 million in fines and restitution. Milan pleaded guilty to conspiracy to commit mail and wire fraud for his role in carrying out [...]

Full post as published by Loan Modification & Home Loan News on March 15, 2010 (boomark / email).

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