LOUISVILLE, Ky. (AP) — The one-time owner of an Orange County, California mortgage lending company has been charged with defrauding two banks of $12 million by submitting fake funding requests for nonexistent loans.
A federal grand jury in Louisville, Kentucky handed up the indictment of 49-year-old Brady Bunte on Tuesday on a charge of bank fraud. Grand jurors say Bunte submitted 53 fraudulent requests through his company, Trust One Mortgage, to National City Bank and PNC Bank.
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