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.
Top Posts & Pages
- JOSH MABUS: Bill Murray and business misfits
- The Dan Jones-IHL saga: Is this the story that started it all?
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- Suit against Kemper employee Brett Wingo is dismissed
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones