DBJ: Fate of UDF Execs in Jury’s Hands as Closing Arguments End

After a week-long trial, the fate of United Development Funding CEO Hollis Greenlaw and three other top executives at the North Texas-based residential real estate development lending firm is in the hands of the jury.

In closing arguments this morning, assistant U.S. Attorney Tiffany Eggers, the lead prosecutor, told the jury that the UDF executives “engaged in a large-scale scam and they did it month after month.”