Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: THURSDAY, March 7, 1991 TAG: 9103070417 SECTION: VIRGINIA PAGE: B-6 EDITION: BEDFORD/FRANKLIN SOURCE: DATELINE: RICHMOND LENGTH: Short
Freedlander pleaded innocent to an 83-count indictment charging him with fraud in the 1988 collapse of Freedlander Inc., The Mortgage People, which was once the fourth largest second-mortgage business in the country.
"It's a massive case," Freedlander's attorney told reporters. Prosecutors "admit to having 100 bankers' boxes of documents."
If convicted, Freedlander faces a maximum sentence of 425 years in prison and fines of more than $20 million.
- Associated Press
by CNB