Takoma Park man sentenced in bankruptcy fraud scheme
The Associated Press
September 11, 2009
GREENBELT, Md. – Federal prosecutors say a Takoma Park man has been sentenced to more than six years in prison for his role in a scheme to defraud homeowners and mortgage lenders.
Michael K. Lewis, 57, also agreed to a forfeiture judgment of more than $2 million Friday.
According to a plea agreement, Lewis aired TV ads which claimed that people could improve their credit, save their homes from foreclosure and get assistance with bankruptcy.
Prosecutors say the goal of Lewis and his conspirators was to steal the homeowners’ equity in their property by inducing the homeowners to sell their property and converting sale proceeds to the use of the conspirators.
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