Mortgage fraud ringleader gets 13 years, to pay $96M

... mortgages and the ex-con learned how to take advantage of lax rules and abundant cash. From 2003 to 2007, he led a mortgage ring that ran up nearly $95 million in losses as it secured bogus loans that funded a lavish lifestyle for Duke and more ...

http://www.detroitnews.com/apps/pbcs.dll/article?AID=2013304090340