Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million On April 25, 2019 By jacquelynnadina The founder and president of a defunct massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million.

The president and founder of a Falmouth mortgage company was sentenced in federal court in Boston in connection with defrauding Ginnie Mae out of $2.5 million. Read on for more details.

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President of Falmouth Mortgage Company Pleads Guilty to Fraud. (Ginnie Mae) out of approximately $2.5 million.. Pena was president and founder of the now-defunct mortgage company, Mortgage.

Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of .5 million The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million.

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Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million April 24, 2019 / in Uncategorized / by Lindsay The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million.

BOSTON – The president and founder of a Falmouth mortgage company pleaded guilty yesterday in federal court in Boston in connection with defrauding the government national mortgage association (ginnie Mae) out of approximately $2.5 million. Robert Pena, 68, of Falmouth, pleaded guilty to one count of conspiracy and six counts of wire fraud.

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The founder and president of a defunct Massachusetts mortgage company pleaded guilty this week to defrauding Ginnie Mae out of approximately $2.5 million. Beginning in 2011, Robert Pena, the founder and president of Mortgage Security Inc., allegedly began diverting money that borrowers sent to MSI into private bank

The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million. Robert Pena pleaded guilty in 2017 to one count of conspiracy and six counts of wire fraud. Pena was the founder and president of Mortgage Security Inc., a shuttered mortgage.

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