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Senior execs at Vanguard Funding accused of embezzling $8.9 million

Senior execs at Vanguard Funding accused of embezzling $8.9 million

But instead of funding others’ mortgages, Voss, Sypher and Bohm allegedly used the money from the warehouse lenders to pay personal expenses and compensation and to pay off loans they had previously obtained with fraudulent loan submissions for improper purposes.

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