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Second man given prison term in Salem condo fraud case

Summary by Ground News

Joseph Bates III, 42, of Wakefield, was sentenced to 18 months in prison, followed by supervised release, and will be responsible for $2.2 million in restitution. Bates had pleaded guilty back in 2018 to conspiracy, wire fraud and bank fraud. Last fall, the man believed by prosecutors to be the ringleader of the scheme, George Kritopoulos, 50, of Salem, was sentence to four years in prison.

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Second man given prison term in Salem condo fraud case

SALEM — A second person has been sentenced in connection with a scheme to flip older multifamily homes around Salem into condominiums, then sell them to low-income buyers using fraudulent loan transactions.

2 years ago

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Salem News broke the news in 2 years ago on Thursday, January 26, 2023.

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Second man given prison term in Salem condo fraud case

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1 Articles

Second man given prison term in Salem condo fraud case

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