October 17, 2013 10:46 PM

Carolinas mortgage-fraud leader fined $2 million, sentenced to 6 months

Mark Dain – the ringleader of one of the largest mortgage fraud schemes in the Carolinas – has been ordered to pay a Myrtle Beach bank nearly $2 million in restitution as part of an agreement with prosecutors that includes a six-month prison sentence for a real estate scam that ensnared hundreds of investors, according to documents filed in federal court.

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