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Developer pleads guilty to fraud

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  • | 4:41 p.m. January 23, 2012
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LEHIGH ACRES -- Harvey Miles Lowell, a developer in Lehigh Acres, could face 30 years in federal prison for crimes related to a mortgage fraud scheme.

Lowell pleaded guilty to conspiracy to commit wire fraud, along with six counts of wire fraud, last week, according to a release from the U.S. Attorney's office.

Between April and October of 2008, Lowell is accused of providing unqualified loan applicants with more than $1 million by defrauding mortgage lenders. Lowell lied to lenders about down payments made by the unqualified applicants, then compensated those applicants for their participation in his scheme, according to the release.

Most of the six properties involved in the fraud have since been foreclosed upon, the U.S. Attorney's office says.

Lowell was part of the executive team at L Plus Land Developers, a company which has since ceased operations.


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