Coral Mortgage Operator Sentenced on Multi-Million-Dollar Securities Fraud

Coral Mortgage Operator Sentenced on Multi-Million-Dollar Securities Fraud

ST. LOUIS – March 27, 2012 – (RealEstateRama) — The United States Attorney’s Office announced today that David Rubin, employee and operator of two local offices of Coral Mortgage Bankers Corporation, was sentenced to five years’ probation, six months home confinement, 200 hours of community service, and ordered to pay restitution in the amount of $1.2 million.

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