Man gets jail time for mortgage fraud scheme
Published: March 30,2011
BRANDON — A federal judge has sentenced a Brandon man to 33 months in prison for his role in a mortgage fraud scheme.
Shane Rothery pleaded guilty in October to mail fraud. Prosecutors say Rothery fabricated information on residential appraisals and inflated the property values so he and his accomplices could pocket the excess proceeds.
[ITAL]The Clarion-Ledger[ITAL] reports that U.S. Attorney John Dowdy Jr. told the court Tuesday that the loss amount attributable to the scheme, involving seven different properties and spanning less than one year, was $907,837.
Prosecutors say Rothery was not a licensed appraiser but made false documents based on his father’s license.
Source: The Clarion-Ledger
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Deal for Jackson-Orlando flights in works with Allegiant
- Baseball stadium for Farish Street? It’s possible
- Explosion at Coast fish plant leaves one dead, three injured
- State GOP chairman calls on McDaniel to hurry with challenge
- Guns OK inside Mississippi polling places, attorney general says
- McCarthy hired as CFO of Mississippi Development Authority
- Former Gov. Musgrove pushing lawsuit to school districts
- Former state lawmaker Green dies at home at age 62
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- White House hotel making comeback in Biloxi