A Georgia closing attorney who has admitted being part of a mortgage fraud ring that federal prosecutors say bilked banks out of at least $20 million is cooperating with the government in a trial that began this week in U.S. District Court. James F. Stovall III -- who prosecutors say finalized as many as 50 fraudulent home sales -- is one of the latest attorneys caught using a law practice to perpetuate mortgage fraud, a crime that has cost the country's banks hundreds of millions of dollars.
Lawyer to Testify in Mortgage Fraud Trial
October 12, 2007
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