Three Sentenced In Georgia Mortgage Fraud
Three men involved in a mortgage fraud scam that cost victims over $1 million were sentenced to prison in a Georgia Federal Court yesterday, according to a story in The Augusta Chronicle at augustachronicle.com.
Stacey L. Shefton (48 months and $1.06 million restitution for wire fraud), Michael D. Dunn (51 months and $338,084 restitution for mail fraud), and Willie J. Anderson, Jr. (five years probation and $17,530 restitution for concealing the crimes of others) all avoided more serious prison time. According to an assistant U.S. Attorney familiar with the case, the crimes all occurred before before Congress increased the maximum punishment for mortgage fraud to 20 years in prison. To read more, see Three sentenced in $1.06 million fraud.
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Stacey L. Shefton (48 months and $1.06 million restitution for wire fraud), Michael D. Dunn (51 months and $338,084 restitution for mail fraud), and Willie J. Anderson, Jr. (five years probation and $17,530 restitution for concealing the crimes of others) all avoided more serious prison time. According to an assistant U.S. Attorney familiar with the case, the crimes all occurred before before Congress increased the maximum punishment for mortgage fraud to 20 years in prison. To read more, see Three sentenced in $1.06 million fraud.
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posted by Home Equity Theft Reporter at 11:37 AM
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