Nevada Appeals Court tosses $107 million #mortgage fraud penalty

A Nevada woman who was once part of the largest #mortgage fraud schemes in the history of the state will no longer forfeit $107 million after a federal court of appeals overturned part of her penalty because it violated the Eighth Amendment, which prohibits the government from imposing “excessive fines” and “cruel and unusual punishments.” http://www.housingwire.com/articles/37288-nevada-appeals-court-tosses-107-million-mortgage-fraud-penalty ❤️ #share #mortgage