Mississippi Man Gets 2 Year Prison Term For "Doing Nothing" In Mortgage Fraud Scam

The Clarion-Ledger reports that Daniel Floyd, of Greenwood, Mississippi who pleaded guilty to failing to alert authorities to a scheme he knew others were involved in to fraudulently obtain mortgage loans of approximately $2.8 million, was sentenced in a Mississippi Federal Court to 24 months in prison and will be placed on one year of supervised release after completing his sentence. For more, see Greenwood man sentenced in mortgage scheme.

To read the official criminal charges, see Information - U.S. vs. Floyd.

For the federal statute (U.S. Code) violated in this case, see Section 4, Title 18 - Misprision of felony.