Omni National Bank leaves trail of flipping fraud and arrests
February 1st, 2010
| Tags: affordable, been-improved, federal-deposit, insurance-corp-, mean-really, months-ago-, mortgage fraud
But the only thing growing at Omni these days is the list of casualties racked up since the bank’s failure 10 months ago. Hundreds of homes that should have been improved instead sit vacant and crumbling. Though most depositors weren’t hurt, the bank’s demise has cost the Federal Deposit Insurance Corp.’s insurance fund an estimated $289 million
Original post:
Omni National Bank leaves trail of flipping fraud and arrests
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