Federal Jury Convicts Burnsville Man of Bilking Mortgage Lenders Out of More Than $43 Million

Federal Jury Convicts Burnsville Man of Bilking Mortgage Lenders Out of More Than $43 Million

MINNEAPOLIS, MN – May 25, 2011 – (RealEstateRama) — Earlier today in federal court in St. Paul, a jury convicted a 44-year-old Burnsville man of conspiring with others to bilk mortgage lenders out of more than $43 million. Following a six-day trial, the jury found Troy David Chaika guilty on seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire fraud and mail fraud. Chaika was indicted on April 12, 2010

Previous articleMBA’s Berman Testifies on the Role of FHA, Ginnie Mae and RHS in the Mortgage Markets
Next articleGovernor LePage Pitches in for Homeless