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Real estate investor pleads guilty to mortgage scam

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A real estate investor and mortgage broker pleads guilty in a million dollar mortgage scam.

The investor, Ralph Michel and broker Lauren Jasky, both pleaded guilty to conspiracy to commit bank fraud and mail fraud.

They were part of a scheme to secure fake mortgages on 37 properties in Palm Beach County and seven in Naples.

They could each get 30 years in jail and will be sentenced in September.


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