Ex-mortgage broker sentenced for fraud
Published: June 24,2010
JACKSON — A former Rankin County mortgage broker has been sentenced to federal prison for 78 months for mortgage fraud and bank fraud.
The Clarion-Ledger reports U.S. District Judge David Bramlette yesterday sentenced 39-year-old Warren Clifton Pierce to five years regarding mortgage fraud and 18 months for bank fraud.
Bramlette said he was dismayed Pierce continued with criminal activity even after pleading guilty last year to mortgage fraud. The bank fraud charge was filed after Pierce pleaded guilty to the mortgage fraud.
Prosecutors say Pierce worked in Hinds and Rankin counties for Raintree County Marketing Company before he incorporated a business called Integrity Mortgage in 2001.
Federal court records say Pierce received thousands of dollars in fees from the loans working under Integrity Mortgage between 2003 and 2007.
To sign up for Mississippi Business Daily Updates, click here.
3 Responses to “Ex-mortgage broker sentenced for fraud”
Top Posts & Pages
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- Bids on reworking Interstate 55 stretch are rejected
- JACK WEATHERLY: Finding a house, defending a neighborhood, finding a voice
- Terminal upgrade on indefinite hold at Jackson International Airport
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Report ranks state schools' performance 51st in the nation
- CFPB wants repay ability at center of new payday loan rules
- Two new casinos like the odds on Mississippi Gulf Coast
- Hosemann to launch crowd funding program