U.S. DOJ secures guilty plea in multimillion-dollar fraud schemes, including a $4.5M mortgage scam, $10M+ in loan fraud and $1.8M in COVID-19 relief loans

New Jersey real-estate investor Arthur Spitzer pleaded guilty to bank and wire fraud conspiracy and money laundering after admitting participation in a multimillion-dollar mortgage-fraud scheme as well as fraudulently obtaining more than $1.8 million through the federal Economic Injury Disaster Loan programme. Two co-defendants have previously pleaded guilty in connection with the schemes…