A former banker and a real estate developer now face charges of bank fraud after a federal grand jury indicted Shaun Hayes and Michael Litz for their roles in a scheme that allegedly lead to the loss of $4 million of taxpayer money. http://www.housingwire.com/articles/36814-banker-real-estate-developer-indicted-for-failing-to-repay-5m-in-tarp-money ❤️ #share #mortgage
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