The Real Deal Miami

Mortgage scammer sentenced to 30 months

December 01, 2008 03:34PM

 West Palm Beach real estate investor and convicted mortgage
scammer

Ralph
Michel was sentenced this morning to 30 months in a federal prison.
Michel and several other people participated in a scheme to obtain
false mortgages on 37
properties in Palm Beach County and seven in Naples. Michel made a
total profit of
$400,000 to $500,000 from the properties in the scam.