Fraudster Got 20 Years For Mortgage Scam, Feds Say

Law360, New York (March 8, 2011, 11:21 PM EST) -- Admitted mortgage fraudster Bobbie L. Brown was sentenced by a Illinois federal judge Monday to 20 years in federal prison for taking out $95 million in sham loans, prosecutors announced.

Judge Virginia M. Kendall of the U.S. District Court for the Northern District of Illinois ordered Brown to turn over $32 million in restitution and $24 million in forfeiture to go along with the prison term, U.S. Attorney for the Northern District of Illinois Patrick T. Fitzgerald said in a statement.

The punishment ends two separate...
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