PB Post | Two more indicted in alleged Versailles mortgage fraud
Here is the story in the Palm Beach Post…
Carl Alexander bet big on Versailles real estate deals.
This week, they lost big, indicted for their part in alleged mortgage fraud in the upscale Wellington community.
They join 24 others who have been indicted or charged in Versailles schemes worth millions, first outlined in a Palm Beach Post series in 2009.
Alexander was among a cluster of about two dozen buyers from the same low-income region of Miami-Dade County. The buyers collectively bought into the Wellington community, then abruptly defaulted on $41 million in loans.
Alexander, among the most prominent players in this cluster, had two personal bankruptcy petitions, one foreclosure filing and a misdemeanor worthless check charge behind him when his company secured a $1.05 million home in Versailles.
Check out the rest here…
And PLEASE be sure to share your support in the comments section over at the Palm Beach Post.