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Ex-CFO Michael Spada admits to $6.3M scam

Written by admin on March 19th, 2010

An East Norriton man accused of embezzling $6.3 million from his former employer pleaded guilty Thursday to wire fraud, bank fraud, filing a false tax return and making a false statement to the federal government.
Michael G. Spada, 50, was charged earlier this month with stealing from Scannapieco Development Corporation, in New Hope, and hiding the [...]

View full post on Real Estate Fraud | Mortgage Fraud | Flipping Schemes

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