April 07, 2017
Federal prosecutors said Wednesday that they would forego seeking any forfeiture against the former head of a mortgage lending bank convicted for his role in a fraud scheme, because the banker has already been hit with a $22 million restitution order.
March 24, 2017
The former head of a mortgage lending bank was sentenced Friday by a New York federal judge to 150 months in prison in connection with a $30 million scheme to rip off lenders by lying about property values, according to the U.S. Department of Justice.
November 17, 2016
A New York lawyer facing prison time for his role in a $30 million scheme to rip off lenders by lying about property values should get five to six behind bars, the U.S. government told a New York federal court Thursday.
November 08, 2016
Prosecutors on Tuesday asked a New York federal judge to throw the book at an ex-mortgage banker convicted of a $30 million scheme to rip off lenders by lying about property values, calling for the statutory maximum of 30 years in prison.
November 04, 2016
An ex-banker and an attorney facing incarceration for their roles in a $30 million scheme to rip off lenders by lying about property values asked a New York federal court Thursday to avoid prison, with the former saying there was no proven loss, and the latter that alcohol and depression led to the crimes.