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an independent nonprofit |
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A STAGGERING SWINDLE
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Jim McConville used rented identities to buy 81 condos in Escondido and San Marcos last year, pulling $12.5 million from the deals. Now, the condos face foreclosure, at least one lender says he's ruined, and U.S. taxpayers could be on the hook.
» BY KELLY BENNETT and WILL CARLESS | April 10
Despite the efforts to clamp down on the easy-money excesses of the housing boom, the story of 81 bogus condo sales in North County shows the real estate financing system -- all the way up to giant government-run mortgage companies -- remained vulnerable to greed and deception in the last year.
» BY KELLY BENNETT and WILL CARLESS | April 13
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