Connecticut U.S. Attorney David Fein said Monday that Christian Tudorof waived his right to indictment and pleaded guilty in New Haven to one count of wire fraud.
Fein says the 43-year-old Tudorof submitted mortgage applications to several lenders for homes in Arizona, Connecticut and Florida in 2006 and 2007. The prosecutor says that in many of the mortgage applications, Tudorof provided false information.
Fein says each of the homes Tudorof bought was sold in foreclosure and mortgage lenders lost more than $2 million.
He faces up to 20 years in prison and a fine of as much as $4 million when he is scheduled to be sentenced Oct. 4."
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