Loan Fraud

The Security and Exchange Commission and the Department of Justice charged Robert Morgan for purportedly operating a Ponzi scheme that shuffled money from investors and faking loan documents.

Morgan is estimated to have 140 properties across 14 states. On Wednesday, he was charged for criminal activities by the DOJ for bank fraud, insurance fraud, and wire fraud, and the SEC also charged him with civil fraud for misusing and siphoning investor finances.

These charges stem from a cross-agency