Man gets jail time for mortgage fraud scheme

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

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: