Two Miami men were criminally charged Thursday in federal court for an alleged mortgage scheme that crippled a Royal Palm Beach community as the men collected an unknown bounty.
Ernest Rodriguez and Jose Aller face charges of conspiracy to commit bank fraud stemming from condominium sales at the Kensington of Royal Palm Beach where inflated prices fooled banks and netted kickbacks for buyers, the complaint says.
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The Palm Beach Post wrote a series of stories on the Kensington in 2011 and 2012 scrutinizing transactions that left the Royal Palm Beach condominium with a 73 percent foreclosure rate.