Realtor pleads guilty in mortgage fraud scam
WALWORTH — The former owner of a Lake Geneva real estate company has admitted involvement in a Walworth County mortgage fraud scam that led to the foreclosures of 18 homes.
Bradley W. Hollister, the 30-year-old former owner of now-defunct Titan Real Estate in Lake Geneva, pleaded guilty Friday in U.S. District Court to a single felony charge of wire fraud.
According to the plea agreement, Hollister participated in a scheme that used fraudulent loan documents, stolen identities and straw buyers to defraud banks when loans were never repaid.
“He wants to put this behind him and move on,” Halloran said. “That’s why he came forward at the beginning and said, ‘This is what happened.’”
In February 2006, FBI agents raided Hollister’s Lake Geneva real estate office and several other locations in the county as part of an investigation into the county’s largest-ever real estate fraud scheme.
Last updated: 10:55 pm Thursday, December 13, 2012