Warrant for Man Accused in Massive Mortgage Scheme

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CLEVELAND — Cuyahoga County authorities have issued a warrant for a California man accused in a massive mortgage fraud scheme. 

Marc Tow, 61, of Costa Mesa, California, with offices in New Port Beach, is accused of engaging in a pattern of corrupt activity, theft, money laundering, and telecommunications fraud. 

According to court records, Tow and his associates raised money through illegal schemes by enticing victims to invest in their enterprise between 2008 and 2011.

Tow is accused of doing business under the names Marc R. Tow and Associates, USA Wealth Institute, EZ Access Funding LLC, and Preferred Equity Group.

Stick with Fox 8 News and FOX8.com for updates on this developing story as they become available.

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