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Mortgage fraud fueled exotic car, drug buys
Edward Seung Ok, 44, targeted more than 50 homeowners all over southern California fa foreclosure, oblation to cure them refinance their mortgages. But the telephone employed stolen identities to fill out charged credit documents, homeowners were tricked out of their titles and banks wasted millions. The exposition caused just about $13 million in losses.
Ok, who pleaded rueful and received the heaviest punishment of the 5-colleague circle, was chief for decree the victims, said Underling a ally with U.S. Attorney Greg Lesser.
”He selected the target,”” Lesser said. ”Ok was like the chief of marketing. He also had minions he hired to go find other future victims.”
Before the sentencing, U.S, Section Arbitrator George Royal ruled that Ok violated his cry accord by without to plan for investigators with access to an account in the Bank of Nevis on the Caribbean key of St. Kitts into which Ok had transferred more than $1.6 million during the drawing.
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