Man Gives Up $2.4m, Pleads Guilty in Scam ; Money-Laundering Activities Also Involved Mortgage Fraud, Charges Say.

Summary

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DAYTON -- A Centerville man agreed to forfeit $2.4 million and pleaded guilty in federal court Friday to a moneylaundering charge stemming from an 18-month scheme that involved fraudulent statements about 148 mortgage loans in Ohio and elsewhere.

The scheme funneled $9.38 million in fraudulent mortgage loans to Ronald A. Waker, 42, of 7181 Tarryton Road, according to a court records. An indictment states Waker used straw buyers to purchase properties for a price near or below fair market value.

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Man Gives Up $2.4m, Pleads Guilty in Scam ; Money-Laundering Activities Also Involved Mortgage Fraud, Charges Say.

It also states he sold the properties at high prices to ...

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