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October 31, 2007
Met Mortgage head reaches settlement
SPOKANE (AP) — The former leader of bankrupt Metropolitan Mortgage & Securities Co. will pay about $151,000 to settle allegations that he masterminded fraudulent real estate deals that backfired into an accounting scandal.
C. Paul Sandifur Jr. reached a settlement with the U.S. Securities and Exchange Commission involving fraud allegations in the biggest corporate failure in Spokane history.
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