After a six-day trial in a mortgage fraud case, a federal jury found Leonard Williams guilty of conspiracy to commit mail and wire fraud and two counts of money laundering, U.S. Attorney Benjamin Wagner announced. The trial was held before U.S. District Judge William Shubb.
According to evidence presented at trial, from late 2006 into 2008, Williams conspired with others to carry out a mortgage fraud scheme using his companies, Diamond Hill Financial and Bay Area Real Estate Holdings. The scheme resulted in the issuance of more than $2 million in home loans, with most of the buyers ultimately defaulting.
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