Construction Bids
Welcome, sign in or click here to subscribe.
DJC Subscriptions
Resource Center
DJC Services
Business
Subscriber content preview
January 16, 2013
Prison sentences in mortgage fraud case
TACOMA (AP) — Three Pierce County women have been sentenced to prison time for their roles in a mortgage fraud conspiracy that helped sink Pierce Commercial Bank.
The U.S. attorney's office says the three helped Shawn Portmann carry out the scheme from 2004 to 2008. Portmann closed nearly $1 billion in fraudulent loans, and more than half of the loans have defaulted. He's due to be sentenced Jan. 28.
. . .
To read this story in full login or purchase a subscription.