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Former Park Rapids man faces 20 years in loan mortgage scheme

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A former Park Rapids man pled guilty in federal court today to defrauding a mortgage company in a conspiracy to obtain a $640,000 home mortgage.

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Eric Wayne Moen, 36, pleaded guilty in U.S. District Court in Minneapolis to a single count of conspiracy to commit wire fraud.

Moen, who was indicted Aug. 20, acknowledged he participated in a conspiracy to defraud GreenPoint Mortgage.

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