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Former Media resident embroiled in scam as CEO of NY mortgage brokerage firm

Sep 23

Former Media resident embroiled in scam as CEO of NY mortgage brokerage firm

The source:

President, CEO of NY mortgage brokerage get prison for complex $100 million scam | San Francisco Examiner.

And our own resident, Eric Shields:

Shields denies knowing anything about the scam and plans to appeal, said his lawyer, Michael G. Santangelo. Shields, of Media, Pa., held the company’s mortgage broker license but wasn’t there day-to-day, and some witnesses testified that they were told to keep certain documents away from him when he was there, Santangelo said.