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Federal prosecutors have said Nanan was part of a short-sale scheme with fellow Taylor, Bean & Whitaker employee Victor Cedeno.
Nanan and Cedeno worked with real-estate agents, homebuyers, lenders and title agents during sales financed by Taylor, Bean & Whitaker.
Nanan negotiated and approved short sales of foreclosed homes with mortgages for about 90 percent of the mortgage value of the properties. Then, prosecutors said, they falsely reported they approved the sales at about 80 percent of the mortgaged value.
Read more from the Orlando Sentinel
