Owner of mortgage firm settles fraud cause with AG’s office

Mortage fraudBy Kristena Hansen | Phoenix Business Journal

The owner of a local mortgage company has settled a consumer fraud case with Arizona Attorney General Tom Horne for $90,000 and has been barred from conducting related business operations.

In May, Horne also won a $380,000 default judgment against Stan Nii-Addo Allotey Jr.’s company — Mortgage Relief Group, doing business as Mortgage Assistance Group — in the Maricopa County Superior Court, Horne said in a statement today.

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