Ex-judge to be sentenced for mortgage scam
Published: October 31,2011
Tags: attorneys, banking and finance, Banks, courts, financial institutions, home loans, homeowners, homes, houses, judges, lawyers, loan fraud, mortgage, real estate, Realtors, residences, scam, scheme, sentencing
GREENWOOD — Former Greenwood attorney and judge Bobby Fisher will be sentenced tomorrow for his role in a mortgage scam.
The Greenwood Commonwealth reports Fisher is to appear before U.S. District Judge Henry T. Wingate in Jackson.
In January 2006, Fisher and former real estate agent Jim Pruett pleaded guilty to a scheme of falsifying mortgage application documents. Pruett was sentenced to three years and died in prison in Arkansas in 2007.
According to court documents, Fisher admitted his involvement in 48 fraudulent loans totaling nearly $2.8 million. The scheme involved recruiting people who wanted mortgages and falsifying their income and other information in the applications.
When he pleaded guilty, Fisher agreed to cooperate with prosecutors.
Fisher served for seven years as Greenwood Municipal Court judge.
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