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Watchdog

Mike Donoghue has known Rochester developer Robert Morgan for more than a decade, as a personal friend and a partner in a relocation business. So it was only natural five years ago for the owner and president of Rochester-based Premium Mortgage to put $500,000 of his own money into investment funds that Morgan had just started. "I knew he had funds, and I asked if I co…

Crime

Four men from Buffalo and Rochester face charges of wire and bank fraud for what federal prosecutors allege was a scheme to fraudulently obtain mortgages worth $167.5 million for apartment complexes in Buffalo and other cities. A federal grand jury Tuesday returned a 62-count indictment accusing two Erie County men and two men from Monroe County of giving lenders false …