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Criminal

Aug. 14, 2009

Top L.A.-Area Real Estate Agent, Appraiser Convicted of Fraud

A federal court jury has convicted two and acquitted one in a high end mortgage fraud scheme.

By Jason W. Armstrong
Daily Journal Staff Writer

A federal court jury has convicted a high profile Beverly Hills real estate agent and an appraiser of participating in a massive mortgage fraud scheme that prosecutors said bilked $40 million from several banks, but acquitted the agent's business partner in the conspiracy.

After a five-week trial and seven days of deliberations, the jury Monday convicted real estate agent Kyle Grasso, 38, formerly ...

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