Suspended North Miami Mayor Convicted Of Mortgage Fraud
Follow CBSMIAMI.COM: Facebook | Twitter
MIAMI (CBSMiami) - Not the outcome she was hoping for.
A jury has convicted suspended North Miami Mayor Lucie Tondreau guilty on all counts of federal mortgage fraud, according to CBS4 news partner The Miami Herald.
Prosecutors say Tondreau and others conspired before she became mayor to defraud lenders using straw buyers, who obtained inflated loans for 20 properties. The scheme allegedly involved recruiting buyers through a radio program catering to Haitian-American listeners.
Tondreau's business partner, Karl Oreste, previously pleaded guilty in the case.
Tondreau faces up to 30 years in prison during sentencing which is set for March 20th.
CBS4 news partner
RELATED CONTENT:
