Philadelphia Foreclosure Rescue Scammers Sentenced to Serve Time in Prison

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By Pennsylvania RealEstateRama -

PHILADELPHIA – October 2, 2012 – (RealEstateRama) — Anthony J. DeMarco III, 33, of Conshohocken, Pennsylvania, was sentenced today to serve 25 years in prison for conspiracy and fraud charges in connection with a mortgage fraud scheme involving more than $30 million in loans. Between 2006 and 2009, DeMarco owned and operated DeMarco REI Inc., a foreclosure rescue company.

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