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Fraud & Risk Strategies

Alaska ‘Condo King’ Sentenced To Three Years In Prison For MBLs Fraud

JAN 30, 2013 8:55am ET

ANCHORAGE – Prominent real estate developer Lee Baker, Jr., known locally as “The Condo King,” was sentenced yesterday to three years behind bars for a lying to Denali Alaskan FCU to obtain as much as $9.4 million in member business loans to finance a condominium development.

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