Comment on 4-year prison term in Calif. mortgage fraud scheme

4-year prison term in Calif. mortgage fraud scheme

Grivette's Advantage Financial Partners of California was part of Loomis Wealth Solutions, an umbrella firm prosecutors say was a front for a Ponzi scheme that stole $100 million across several states. Lawrence Leland "Lee" Loomis is charged in a 50-count grand jury indictment with mail and wire fraud.

 

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