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Collier real estate appraiser guilty of fraud

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Wednesday, June 11, 2014, 4:54 p.m.
 

A Collier man committed bank fraud but didn't conspire with others, a federal jury decided Wednesday.

The 12-person jury deliberated for about five hours before convicting James Lignelli, 59, on three counts of bank fraud but acquitting him on two conspiracy charges after an eight-day trial.

Lignelli was an appraiser who provided false property appraisals in two different mortgage fraud schemes, said Assistant U.S. Attorney Brendan Conway.

U.S. District Judge Terrence McVerry scheduled Lignelli's sentencing for Sept. 26.

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