Crime & Safety
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.
Find out what's happening in Bryn Mawr-Gladwynewith free, real-time updates from Patch.
The home and one of the Pouls daughters were once featured on the MTV program Teen Cribs.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here
