Professor of Entrepreneurism Arrested for Mortgage Fraud

State police charged John K. Dunn, a professor of entrepreneurial management at the University of Rhode Island, with three felony counts of obtaining money under false pretenses in connection with an alleged mortgage fraud scheme, the Providence Journal reported. Dunn, who is also a lawyer, turned himself in after the warrant was issued for his arrest, the paper reported. He did not enter a plea and was released on $10,000 personal recognizance pending further court action, according to state police. Dunn is accused of obtaining hundreds of thousands of dollars under false pretenses to buy three different properties in Rhode Island.