Kartesz Banned From Any Kind of
Mortgage-Related Work
The former Bradford landlord who's in prison for his part in a mortgage fraud scheme has been banned from ever working in Pennsylvania's mortgage industry.
The state Department of Banking filed "orders of prohibition" against 41-year-old Frank Kartesz II, meaning that he can't work with mortgages in any capacity whatsoever.
Kartesz and his business partners bought run-down houses and sold them at inflated prices. They scammed the victims out of more than $1 million.
Kartesz pleaded guilty to fraud and conspiracy and was sentenced in September to three-year and seven months in federal prison. He's is serving that sentence at the federal prison in Morgantown, W.Va.
The state Department of Banking filed "orders of prohibition" against 41-year-old Frank Kartesz II, meaning that he can't work with mortgages in any capacity whatsoever.
Kartesz and his business partners bought run-down houses and sold them at inflated prices. They scammed the victims out of more than $1 million.
Kartesz pleaded guilty to fraud and conspiracy and was sentenced in September to three-year and seven months in federal prison. He's is serving that sentence at the federal prison in Morgantown, W.Va.
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