Relevant:
- Ex-Countrywide execs plead guilty to insider trading
- Five plead guilty in federal court to $19 million bank fraud case in Oregon
- Update: U.S. Mortgage Corp Files BK - FBI Investigating "Massive Fraud"
- Update: Northeast Mtg Corp's former Controller Pleads Guilty
- Federal Prison Guard Pleads Guilty In Sabatino Prison Fraud Scheme
2009-06-12 — ml-implode.com
Michael McGrath, former President and CEO of U.S. Mortgage Corp. and subsidiary CU National Mortgage, plead guilty to one count each of wire fraud and money laundering in federal court 2009-06-11. McGrath faces a maximum combined sentence of 30 years on the charges, but will likely face an actual sentence of two years or less in federal prison.
Read more on this update to our listings for U.S. Mortgage Corp. or CU National Mortgage.
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