Source: United States Department of Justice Criminal Division
Baltimore, Maryland – A Baltimore man pled guilty in federal court, today, to bank-fraud charges in connection with a real-estate scheme. Jacob Rappaport, 41, is charged with conspiracy to commit bank fraud. Rappaport, an attorney, represented Alexander Schultz, 31, formerly of Pikesville, Maryland and Schultz’s company, Limitless Management — a company that bought, sold, and managed real estate in Maryland — on various real estate transactions.