August 24, 2015
Posted January 25, 2016
Ayman Shahid, former president of Discovery Sales Inc., pleaded guilty to conspiracy to commit bank fraud. DSI was the sales arm of affiliated residential construction companies, including Discovery Home Builders and Albert D. Seeno Construction Co. Shahid admitted he conspired with others to fraudulently cause bank underwriters to approve mortgage loans for unqualified buyers during the height of the financial crisis. DOJ
Tagged in: Financial Institution Fraud, Housing and Mortgage Fraud,