Morgan Management Responds to FBI Search

The head of Morgan Communities has issued a statement responding to this week’s FBI search of the company offices in Pittsford. Robert Morgan says his company “continues to cooperate with a federal inquiry” they believe is related to federally backed loans, placed to several developers through a specific mortgage broker. 

Morgan says his company is current on all its loan obligations and he looks forward to the conclusion of the inquiry.

The application for a federal search warrant filed in court accuses officials of Morgan Management of possibly violating bank and wire fraud laws.

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