April sentencing set in mortgage fraud cases - 2004-03-22
Three local residents convicted of participating in a scam to execute fraudulent real estate transactions will be sentenced next month.
Authorities said that after McLaren bought houses, Hickey recruited buyers to purchase the homes at inflated prices, based in part on appraisals by King.
McLaren and Hickey also provided lenders with false information so that the buyers, who had few assets, could obtain mortgages, investigators said.
Read the full story at Muncie Star Press 
