Assisted Living Boss Pleads Guilty in $3.6M Mortgage Scam
A Texas assisted living facility’s owner has pleaded guilty to defrauding the U.S. Department of Housing and Urban Development and will pay restitution, accor

A Texas assisted living facility’s owner has pleaded guilty to defrauding the U.S. Department of Housing and Urban Development and will pay restitution, according to the Department of Justice. So reports McKnight’s Senior Living.

Acting U.S. Attorney Nicholas Ganjei said that clinical psychologist Rafael Otero and his son, Antonio Otero, “exploited a HUD-insured mortgage program designed to provide affordable housing for those suffering from diseases like Alzheimer’s.”

The Oteros allegedly bilked U.S. taxpayers to the tune of $3.6 million.

Read the full article from McKnight’s Senior Living.


Source: themortgageleader.com