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An Interview With A Felon Who Committed a $120 Million Mortgage Fraud

 
 Monday, Dec. 10, 2018 from 12:00 pm to 2:00 pm
 Online
 
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VSCPA Members
$79.00 Regular Registration
Nonmembers
$109.00 Regular Registration
Designed For:
*Mortgage Fraud
Prerequisite:

None

Michael McGrath was the owner of a mortgage firm who purchased home mortgages from credit unions and packaged them into financial instruments sold to investors. As the economy soured, he began manipulating the financials associated with those mortgages in hopes of salvaging his aggressive growth strategy. Instead, the fraud kept getting bigger until banks were out over $120 Million. He would plead guilty and be sentenced to 14 years in prison.

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