Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Home RSS
 
 
 

NY appraiser admits to bank fraud conspiracy

December 20, 2013
Associated Press

BUFFALO, N.Y. (AP) — A licensed New York state appraiser has pleaded guilty to bank fraud.

The U.S. Attorney's Office in Buffalo says Thursday that Darryl Glasco of North Tonawanda conspired with a borrower to submit an inflated appraisal to JP Morgan Chase Bank to refinance a property in Lockport, north of Buffalo. As a result, the bank granted the loan.

The borrower, James Vasiliou Jr., pleaded guilty to bank fraud earlier.

The charge carries a prison term of up to 30 years and a $1 million fine.

 
 

 

I am looking for:
in:
News, Blogs & Events Web