Three Tennessee Mortgage Brokers Sentenced To Federal Prison

The Chattanooga Times Free Press reports that former mortgage brokers Darren Todd Moyer (2+ years), Phillip Howard McKinnish (1+ year) and Jennifer Jewel Henson (1+ year) were sentenced on bank fraud charges in a Tennessee Federal Court last week. They were also ordered to pay $1.12 million in restitution. In April, they each waived their right to a jury trial and copped a plea instead. According to court records, the scheme involved the standard stuff - creating false and fictitious documents, preparing false loan applications and inflating the sales prices of multiple properties. For more, see Three sentenced for bank fraud.