Minneapolis Feds Pinch Two In Alleged Sale Leaseback Rescue Peddling Scheme, Stripping Home Equity From Dozens Of Homeowners Seeking Financial Help
Written by Administrator on January 30th, 2012In Minneapolis, Minnesota, the Star Tribune reports:Two Bloomington residents were arraigned Thursday in Minneapolis on charges that they ran an $ 8 million equity-stripping scheme under the guise of a nonprofit that claimed to help troubled homeowners avoid foreclosure.Richard Scott Spady, 38, and Michele Denise Sengstock, 48, were each charged Jan. 19 in a sealed indictment with conspiracy,
The Home Equity Theft Reporter
Tags: Alleged, Dozens, Equity, Feds, Financial, From, Help, Home, Homeowners, Leaseback, Minneapolis, Peddling, Pinch, Rescue, Sale, scheme, Seeking, Stripping
