Reports: Gladwyne 'Teen Crib' Owner Finds Buyer, Pleads Guilty to $13M Fraud

Real estate developer Michael Pouls is to be sentenced in March, according to Philly.com.

Gladwyne real estate developer Michael Pouls pleaded guilty Monday to committing fraud to get $13 million in bank loans, Philly.com reported.

The U.S. Attorney's Office said in October that Pouls had misrepresented his wealth to National Penn Bank. He is set to be sentenced March 11, according to Philly.com.

Also on Monday, Curbed Philly reported that the Pouls family had a buyer under contract for their Mirabeau Lane home, whose asking price had most recently been $3.8 million.

The home and one of the Pouls daughters were once featured on the MTV program Teen Cribs.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »