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Former Saratoga Springs loan officers indicted on charges of falsifying applications

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Two former loan officers at a Saratoga Springs mortgage company have been indicted in an alleged scheme to artificially inflate borrowers’ income to get loans approved. John Nazarian and Jon Yusaitis were charged in indictments unsealed recently in U.S. District Court in Albany with one count each of aiding and abetting bank fraud. Nazarian and Yusaitis, whose ages and addresses were unavailable, are identified in the indictments as having been loan officers for First Guarantee ...

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