Five "Flippers" Sentenced For Fraud By Federal Judge

A Mississipi Federal judge sentenced five defendants in a house flipping, mortgage fraud scam in Federal Court in Hattiesburg yesterday, according to an Associated Press report in The Clarion-Ledger at ClarionLedger.com. The five were among a group of twelve who were implicated in the flipping operation. Seven others are scheduled for sentencing on February 20. All twelve pleaded guilty, thereby sparing the government the cost of a trial (and probably sparing themselves a few extra years in prison had they been convicted after a jury trial). For more, see Five sentenced in mortgage fraud scheme
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