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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Winchester lands $50M ammunition contract from Homeland Security
- Deer processors need to use caution to insure safe, tasty venison
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Travis retiring as head of Mississippi World Trade Center
- Canadian company purchasing Southern Lumber for nearly $50M
- Drew Brees settles lawsuit alleging investment fraud
- Lawmakers question education leaders about escalating administrative costs
- Peavey Electronics reorganizing under new globalization plan
- Court rules board can discipline West Virginia radiologist