Michigan--Romeo-based home builder pleads guilty

Builder Giuseppe Cracchiolo, owner of Mark Christian, Inc., peaded guilty in $4 million-plus mortgage fraud scheme; charged with conspiracy, fraud.

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EXCERPT

Federal investigators alleged that a co-defendant in the case, Atiim Collins, 38, owner of Edgewood Property Management in Shelby Township, recruited and paid individuals to act as straw buyers in fraudulent mortgage loan transactions, involving homes built by Cracchiolo’s company. ...

COMMENT BY READER "Jane:"

I happen to know the builder and all I can say is Karma is a bad 5 letter word. He had it coming to him for a LONG TIME. He should have been jailed for poor workmanship, years ago, but now he is getting his just deserts. ...

Full article By Norb Franz, (and more readers' comments), Macomb Daily Staff Writer, Sep 4, 2010: http://macombdaily.com/articles/2010/09/04/news/doc4c81c6ebda1a904082886...