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Huge Mortgage Fraud Ringleader Sentenced to Jail

Miami Judge Sentences Mortgage Fraud Ringleader to Prison A long-running mortgage fraud scheme conned several Miami-area banks out of close to $50 million, and now the mortgage fraud ringleader has finally been sentenced to prison. On Tuesday, September 30th, US District Judge K. Michael Moore sentenced Domenico Rabuffo, 78, to 27 years in prison as the mortgage fraud ringleader fraud scam. Three other people convicted in Rabuffo’s trial will be sentenced on October 30th. For Rabuffo, this is life in prison. After being indicted in … [Read more...]