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Loan Modification

: Flipping Frenzy

Managing Partner of Cobalt Capital Funding to 85 Years in Prison for Real Estate Fraud Scheme

By Ralph Roberts

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PREET BHARARA, the United States Attorney for the Southern District of New York, announced that IRVING STITSKY, the former managing partner of Cobalt Capital Funding, LLC, and executive vice president of Cobalt Real Estate Services, LLC, was sentenced today to 85 years in prison on charges stemming from a fraud that raised more than $23 [...]

Full post as published by Flipping Frenzy on July 08, 2010 (boomark / email).

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