A Georgia man has admitted to scheming to acquire millions of dollars in fraudulent mortgages and other loans. Federal prosecutors say 43-year old Mark Anthony McBride in Atlanta pleaded guilty Friday to conspiracy and to a bankruptcy fraud designed to stay foreclosures on dozens of fraudulently obtained properties.
US Attorney David E. Nahmias says the case is disturbing because dozens of banks were damaged, including Omni National Bank which was closed late last month by federal regulators.
McBride could receive up to 35 years in prison and a fine up to 1 and a quarter million dollars.
(Associated Press)
US Attorney David E. Nahmias says the case is disturbing because dozens of banks were damaged, including Omni National Bank which was closed late last month by federal regulators.
McBride could receive up to 35 years in prison and a fine up to 1 and a quarter million dollars.
(Associated Press)
