Menlo Hotel Owner Pleads Guilty to Arson Scam

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The now-infamous owner of Oakland's Menlo Hotel pleaded guilty to an arson plot, for which he paid an unnamed informant $65,000 in order to burn down the 7-story building and collect a maximum insurance payout, the Associated Press reports. Singer, who is 44 and a resident of Tiburon, will be sentenced on August 31.

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