The Real Deal Miami

Mortgage scammer gets 20-year prison term

October 31, 2008 12:24PM

Convicted mortgage scammer Gregory C. Brown was sentenced to 20 years in federal prison. He secured mortgages worth more than $3 million on 10 homes in Palm Beach County by lying on loan documents, then spent the money on luxuries like a 40-foot speedboat. Many of the houses Brown borrowed against landed in foreclosure.