YET ONLY FACES UP TO FIVE YEARS IN PRISON?
In mid-December, BD (36), of New York, pleaded guilty to “one count of conspiracy to commit wire fraud affecting a financial institution,’
The man is alleged to have engaged in a “multi-year conspiracy to fraudulently obtain over $165 million in loans.”
Beginning back in 2018, BD would present phony transaction documents which “inflated the purchase price” of a number of commercial properties. By way of example, a $70 million property was presented as a $95.85 million deal, while a $42.7 million transaction was presented as a $70 million acquisition.
With sentencing scheduled for April 24, 2024, BD faces a maximum prison term of five years.
Think he’s wired into that?
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