Subscribe / Renew |
|
Contact Us |
|
► Subscribe to our Free Weekly Newsletter |
Construction Bids
home | Welcome, sign in or click here to subscribe. | login |
January 16, 2013
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.
. . .