Eric M. Rabicoff is accused of devised a scheme in 2006 to defraud lenders by recruiting people to pretend to buy homes and submit false information to get loans.
Rabicoff was one of 10 people indicted in the alleged scheme, the U.S. Attorney's Office said Thursday. The government is seeking the forfeiture of more than $3 million in proceeds from the crimes.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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