Third Lakewood Area Scammer Admits to Role in $11.8 Million Failed Real Estate Scam

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 Third man admits multimillion mortgage fraud. Arthur Spitzer of Toms River pleaded guilty in federal court to conspiracy and money laundering charges stemming from a multimillion-dollar mortgage fraud and COVID-19 disaster loan fraud scheme.

CAMDEN, N.J. — A Toms River man has pleaded guilty in federal court to participating in a multimillion-dollar mortgage fraud scheme and separately defrauding the federal government out of more than $1.8 million through COVID-19 disaster relief programs, U.S. Attorney Robert Frazer annou...

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