NY Real Estate Atty Gets 5 Years For $23M Scheme

Law360, New York (June 7, 2011, 9:19 PM EDT) -- A New York real estate attorney who pled guilty to his role in a $23 million mortgage fraud scheme was sentenced in federal court Tuesday to five years in prison and ordered to repay $4.7 million in restitution.

Prosecutors said that Queens, N.Y., attorney Cheddi Goberdhan made hundreds of thousands of dollars from a scheme that duped mortgage lenders. Goberdhan pled guilty to seven counts of bank fraud, wire fraud and conspiracy in January.

At sentencing, Goberdhan took responsibility for his role in the fraud, in...
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