Eric Brown of Philadelphia, Pa., pleaded guilty to 20 counts in connection with a mortgage fraud scheme involving KREW Settlement Services. Brown pleaded guilty to conspiracy, two counts of Federal Housing Administration loan fraud, 12 counts of loan fraud and three counts of tax evasion.
Between May 2004 and February 2009, Brown and his co-conspirators allegedly inflated purchase prices on loan documents for more than 100 Philadelphia properties, resulting in more than $20 million in fraudulent loan proceeds.
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