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.