A former Dallas resident recently pleaded guilty to federal charges in an alleged $895,000 mortgage fraud scheme that took place in the Metroplex, according to prosecutors and court records.

Reginald Davis, 41, of West Palm Beach, Fla., pleaded guilty July 9 to charges of conspiracy to commit mail fraud and wire fraud. Sentencing has not been set, prosecutors say.

Davis faces a maximum of five years in prison, according to a news release by federal prosecutors in the Eastern District of Texas, where the case was tried.

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