New York defendant pleads guilty for role in $39 million SF mortgage fraud scheme

New York-based defendant Juan Carlos Sanchez has pleaded guilty in connection with a $39 million mortgage fraud scheme centered in Fort Lauderdale, according to United States Attorney for the Southern District of Florida Wifredo Ferrer. Sanchez pleaded guilty to count one of an indictment which had charged him with conspiracy to commit mail and wire fraud. Sanchez, who was originally indicted along with seven other defendants, will be sentenced in January. — Alexander Britell