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By Jackie Valley (contact) 
Monday, Jan. 14, 2013 | 5:58 p.m.
A Las Vegas lawyer pleaded guilty Monday to his involvement in a mortgage fraud scheme that cost banks and other federally insured institutions $30 million, Nevada’s U.S. Attorney Daniel G. Bogden announced today. Gerry Zobrist, 43, pleaded guilty before U.S. District Judge James C. Mahan to one count of conspiracy to commit bank fraud and wire fraud, officials said. According to a plea agreement, Zobrist and unidentified co-conspirators solicited and paid people with good credit ratings to serve as straw buyers to purchase home in the Las Vegas area. Zobrist and his co-conspirators offered to purchase the homes, while the ...
Whatever he gets it won't be enough.
Almost every person in this valley got a bs loan during 2005-8 and then defaulted, and now they get a debt forgiveness and a pat on the back to go buy something else. While those of us who actually did not stick it to the bank get punished for our good behavior. There is no accountability in borrowing anymore. I am not saying what this guy did was right, I am just making a point that almost everyone did it and got rewarded for it. And that is just as wrong. Everyone in this valley should have to file bk or pay their mortgage.
Law school money well spent. Nice return on investment. 43 and out. Now he can clean the laundry room for the next ten years for .23 cents/hour.
Greed just ruins people. He probably loved to gamble. Wonder how much of that money made it to the casinos.
Another criminal las vegas real estate "investor?" go figure...