Webinar

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

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.

 

Please Note:  This course is not approved for Texas, Florida, Virginia, Washington Ethics or any other state with a state specific ethics requirement.  Contact help@acpen.com if you have specific questions on your state.  

Objectives

*Mortgage Fraud

Highlights

*Fraud

Additional Information

Designed For

All

Vendor

ACPEN

Advanced Preparation

None

Prerequisite

None

Field of Study

Ethics

Course Number

171363334

Level of Knowledge

Intermediate

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