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Servicer Admits Stealing Funds from Mortgage Loan Pools

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Earl Gross, 75, Las Vegas, Nevada, the former president and chief executive officer of U.S. Mortgage, a loan servicing company in Nevada, pleaded guilty for his role in a scheme to defraud Wells Fargo Bank of more than $8 million. The defendant pleaded guilty to one count of bank fraud. Gross faces a maximum penalty [...]

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