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Miscellaneous

New Fraud Charges in Norlarco CU Case

OCT 8, 2007 9:43pm ET

FORT MYERS, Fla. – An investor in one of the speculative homes in Cape Coral filed a new suit against Norlarco CU Friday, alleging the Colorado credit union engaged in a sophisticated fraud scheme to inflate real estate appraisals in order to qualify ineligible borrowers for home loans there.

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