Getting your player ready...
Real estate agent Arvin Weiss of Englewood was found guilty last week of 16 counts of mortgage fraud and witness tampering.
From June 1998 through January 2002, Weiss devised a scheme to fraudulently obtain money and property from mortgage companies that funded federally insured loans.
Weiss, 58, acquired numerous single-family residences in metro Denver at low prices. Within a few months and after some improvements, he resold the properties at substantially higher prices to unsophisticated, low-income buyers. He targeted Latinos who knew little or no English.
The verdict came after a 13-day trial before Senior U.S. District Judge Lewis Babcock.
Weiss is free on bond.
