(Washington, DC) – A New Mexico man has pleaded guilty for his role in a Las Vegas mortgage fraud scheme. Federal prosecutors say 62-year-old Hugo Patrick Coutelin took part in a plan to falsify mortgage loan applications by using “straw buyers.” Authorities say the scheme netted $3.4-million. Coutelin was the secretary of CPT Real Estate Investments. He faces up to 30 years in prison when he’s sentenced in April.
Man Pleads Guilty In Mortgage Fraud Scheme
January 6, 2012 5:16 AM