VEGAS MAN BUSTED ON LOCAL FRAUD SCHEME

Authorities have charged a 31 year old man from Las Vegas with committing a mortgage fraud scheme that largely involved properties in North Wildwood.  John C. Lucidi was charged before the weekend with conspiracy to commit wire fraud, money laundering and other offenses.  The feds allege that Lucidi conspired to defraud several lending institutions including Bank of America, Wells Fargo, and Countrywide Bank.  He found buyers to purchase properties in North Wildwood at inflated prices so he could receive kickbacks.

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