Business

Homebuilder convicted in $8M mortgage fraud scheme

By Washington Examiner
Published October 14, 2012 1:29am ET
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LAS VEGAS (AP) — A Las Vegas-area homebuilder has been convicted on federal charges in an $8 million mortgage fraud scheme.

Federal prosecutors said Friday that following a 12-day trial, a jury found 56-year-old Paul Wagner guilty of one count of conspiracy to commit bank and wire fraud, six counts of bank fraud and three counts of wire fraud.

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