Mortgage executive claims innocence to theft charges - 2004-01-08
David Ferradino, president of the currently-defunct Interstate Mortgage Group Inc., entered an innocent plea Wednesday to charges that he enacted 51 counts of theft in a Henderson land deal.

The Nevada attorney general's office, which filed the charges, claims Ferradino raised $5.4 million from individual investors for the purchase of more than 27 acres of land at Stephanie Street and the Beltway.
Read the full story at Las Vegas Sun

Mortgage Scam suspects plead innocent in Greensboro federal court - 2004-01-08
Eleven people arraigned in an alleged mortgage fraud have pleaded innocent to charges they helped falsify employment records and other documents to help unqualified applicants obtain loans.

Prosecutors allege employees at Oasis Mortgage Co. in High Point earned commissions and fees by arranging the mortgage loans. They also recruited at least four people from outside the company to assist in defrauding lenders.
Read the full story at Raleigh News