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Daniel Ostby

Ostby fined $1.2 million for mortgage fraud scheme

According to the Criminal Information filed on October 28, 2011, Daniel Ostby and his co-defendant formed DC Development of North Carolina, LLC, which held itself out as providing construction services. OSTBY and Vanderzee developed a scheme to "flip" houses, in which they would buy real property, improve the property by building on it, and then quickly sell the property for a profit. Full story...