The ever-rippling effects of the mortgage crisis has caused at least one man to resort to insurance fraud.
A 28-year-old Cohoes man who reportedly fell behind on the mortgage payments for a four-unit apartment building he owns in Albany was arrested Tuesday for setting fire to the structure just hours after his tenants left the building.
Kerry Bennett was charged with arson and insurance fraud. The arrest followed an investigation into the June 7 fire by Albany police and fire investigators, the office of District Attorney David Soares and the Frauds Bureau of the New York State Insurance Department. Fire investigators said evidence at the scene led them to believe the fire was intentionally set.
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