Kansas man pleads guilty to defrauding mortgage lenders
Jason L. Rabicoff of Overland Park, Kan. has pleaded guilty to taking part in a $3 million mortgage fraud scheme, said U.S. Attorney Barry Grissom. Rabicoff pleaded guilty to one count of wire fraud. In his plea, he admitted that in 2006 while he worked as a loan officer at Apex Financial in Olathe, Kan., he took part with his brother, Eric M. Rabicoff, and others in a scheme to defraud mortgage lenders. The conspirators arranged for straw buyers to purchase homes that were for sale by owners. They obtained financing for the deals by submitting false loan applications to lenders.