October 22, 2013 6:47 PM

Former Modesto real estate broker pleads guilty to defrauding elderly home owners

The former owner of a Modesto real estate firm pleaded guilty Monday to seven fraud charges in a deal expected to bring eight years in federal prison. James Lee Lankford, 74, who previously owned Century 21-Apollo Realty, signed the plea agreement in late August, but illness delayed a formal resolution until this week.

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