Lawyers again file to drop charges against developer Bob Morgan
ROCHESTER, N.Y. (WHEC)— The lawyers for Bob Morgan, one of Rochester’s biggest developers, are again trying to get the charges against him tossed.
Morgan’s lawyers filed a motion to dismiss the current indictment.
Morgan, his son, and two others, are charged with conspiracy to commit wire fraud and bank fraud for their roles in what prosecutors call a wide-ranging mortgage fraud scheme.
Prosecutors say between 2007 and January 2019, the defendants conspired to fraudulently get funds from financial institutions including Arbor Commercial Mortgage, LLC, Berkadia Commercial Mortgage, LLC, UBS and Deutsche Bank, and government-sponsored enterprises, including Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal National Mortgage Association (Fannie Mae).
They allegedly provided false information to lenders including inflated and fake rent rolls, some with non-existent tenants and inflated rents to fraudulently increase the income for a building, to obtain loans they wouldn’t otherwise qualify for.
The group was indicted by a federal Grand Jury earlier this year after a judge threw out their previous charges, ruling prosecutors mishandled evidence.