Friday, March 24, 2023 | Back issues
Courthouse News Service Courthouse News Service

Colorado Alleges Mortgage Scam

DENVER (CN) - Leonid Shifrin and his father Mark Shifrin, both of Englewood, Colo., and their partner Jerry Johnson, of Aurora, used more than a dozen businesses to cheat Colorado homebuyers in mortgage transactions, including misrepresenting adjustable-rate mortgages with negative amortization as fixed-rate loans, the State of Colorado claims in Denver County Court.

The defendant businesses include Mortgage Planning and Lending Specialists, Wholesale Mortgage Lending, Mortgage Processing Group, Shifrin Inc., Jupiter Lending, United States Marketing Associates, and CBA Inc.

Read the Top 8

Sign up for the Top 8, a roundup of the day's top stories delivered directly to your inbox Monday through Friday.