Today in the Star Tribune (MN biggest newspaper) break some good news!! “Mortgage fraud scheme architect gets 13 years in prison” by James Walsh breaks the news of that the people behind the Parrish Marketing are going to jail.
What is Parrish Marketing? This company was a multi-million dollar company that built real estate and sold it. The only problem is, they were crooks. They used straw buyers; other peoples credit reports, to purchase the homes. They also worked with a fraudulent loan officer at US Bank who made up income documents and pleaded guilty to mortgage fraud.
It’s not only the mortgage fraud that really pisses me off, but rather all of the innocent people he screwed over. I have a friend who did all of the lawn work for this company. He never got paid for any of his work!! I also feel bad for the neighbors next to these homes, because they all lost money on equity. Instead of neighbors these people now get discounted foreclosed homes.
The main man of Parrish Marketing, Michael Parrish got 13 years. I wish that with jail time, they could find out a way to pay back all of those poor people who worked hard, but got screwed.
