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SPOKANE, Wash. — The Spokane Spokesman-Review reports that a man convicted of securities fraud in Colorado has been selling reverse mortgages in Spokane, while waiting to begin his prison term.

Michael Duane Smith is listed in a brochure issued by Golf Savings, a mortgage subsidiary of Sterling Savings Bank of Spokane. A spokeswoman said yesterday that he no longer works there.

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Tags: fraud, reverse mortgage

This entry was posted on Thursday, February 21st, 2008 at 7:29 pm and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.