EVANS, Circuit Judge.
Val Jean Hillman certainly isn't the first buyer to pay an exorbitant sum of money for a house in Chicago. But he was more than willing to do so. That's because his purchase came as part of an elaborate series of flip transactions in which buyers acquired property for up to ten times their value, then left mortgage lenders holding an empty bag.
Under the direction of mastermind Henry White, one schemer paid fair market value to purchase...
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