Direct Finance Arrests Press Conference 6/27/08

Two bank employees, a mortgage broker, an assistant of the mortgage broker, and a Worcester man had 106 indictments returned against them late yesterday in connection with allegedly creating false or misleading bank documents that were then used to obtain fraudulent mortgage loans in the millions of dollars. Four of the five individuals are expected to be arraigned this afternoon. Erik Tancun, age, 29, of Marshfield, Steven Stapleton, age 36, of Waltham, Kenneth Garabedian, age 51, of Worcester, Martha Sass, age 46, of Marshfield, and Thomas Itemere, age 28, of Worcester, are all charged.

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News & Politics

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• Direct
• Finance
• Arrest
• massachusetts
• attorney
• general
• martha
• coakley
• Tancun
• Stapleton
• Garabedian
• Sass
• Itemere