SF investor helped loan official cheat City’s Quicken, jury told

By Bonnie Eslinger (August 16, 2022, 8:25 p.m. EDT) – A federal prosecutor told a California jury at the opening of the trial on Tuesday that a prominent San Francisco real estate investor conspired to help a city official in time to “cheat the system” and get a $1.3 million home loan from Quicken Loan that was partly to pay off personal debts.

Real estate broker Victor Makras, director of Makras Real Estate, is on trial for lying to the lender about a refinance loan so then-San Francisco Public Utilities Commission chief executive Harlan Kelly and his wife could avoid the examination of their debts, said Zachary Abrahamson of the United States…

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