We’ve been posting information on this group for a while — Metro Dream Homes owner and founder Andrew Hamilton Williams, Jr. from Hollywood Florida has been sentenced to 150 years in prison for his role in a $78 million mortgage fraud scheme that left some homeowners penniless.
“This case exemplifies the egregious mortgage fraud schemes that flourished in the lending free-for-all that contributed to the bubble and collapse of the housing market,” said U.S Attorney Rod J. Rosenstein. “Coordinated law enforcement is helping to hold the perpetrators accountable, but the real solution is meaningful oversight and auditing of lending decisions.”
“These individuals were responsible for shattering the dreams of countless hard working families during one of our country’s worst economic downturns,” said FBI Special Agent in Charge Richard A. McFeely. “The teamwork exhibited by all participating agencies throughout the joint investigation was exemplary.”
Read more about this scam and the co-conspirators in this FBI press release.