Local Golf Course Developer Gets 18-Month Sentence for Bankruptcy Fraud, Money Laundering
NEWARK, NJ—A former
employee of a Parsippany, N.J., mortgage lender admitted today to taking $138,402 in illegitimate proceeds of multiple home sales as a
result of a mortgage fraud scheme, U.S. Attorney Paul J. Fishman announced.
Jorge Abbud, 33, of Dover, N.J., pleaded
guilty before U.S. District Judge William H. Walls in Newark
federal court to an Information charging him with wire fraud.
According to
documents filed in this
case and statements made in court:
In 2008, Abbud was an em ....
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