Empire Savings Failure Exposes Land Flip Fraud Networks
The failure of Empire Savings of Mesquite, Texas exposes systematic “land flip” fraud schemes that would eventually cost taxpayers $300 million. The failure reveals coordinated criminal networks exploiting deregulated thrift powers, including inflated real estate appraisals, circular …
Empire Savings
Edwin Gray
Federal Home Loan Bank Board
Texas Real Estate Networks
Reagan Administration
+1 more
empire-savings
land-flip-fraud
s&l-crisis
edwin-gray
systematic-fraud
+1 more
Read more →