Real estate investor sentenced for money laundering
BRANDON — A 42-year-old Brandon real estate investor who alerted federal authorities to his role in a mortgage fraud scheme has been sentenced to one year and a day in prison.
The Clarion-Ledger reports David M. Strain was sentenced yesterday on a charge of money laundering.
U.S. District Judge William Barbour Jr. and federal prosecutor Carla Clark acknowledged Strain’s cooperation that led to co-defendant, Ridgeland mortgage broker Gene Bradford, receiving a four-year prison sentence in May.
Prosecutors say Strain admitted his role in the scheme that resulted in about $900,000 in fraudulent mortgage loans.
Strain must report to prison Oct. 18.
To sign up for Mississippi Business Daily Updates, click here.
9 Responses to “Real estate investor sentenced for money laundering”
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Shale oil: market correction or longterm direction?
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Miss. surgeon sentenced in tax evasion case
- WILLOUGHBY: Mayo Flynt leads AT&T Mississippi by enjoying both work and workers
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- Hyatt-Place is Columbus’ newest hotel option
- J.McLaughlin to open in Highland Village next spring
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters