Houston Courts Handing Out Stiff Sentences In Mortgage Fraud Prosecutions
- As the meltdown of the subprime mortgage market plays itself out in Houston, prosecutors are getting some stiff sentences fighting fraud that grew from weaknesses in the industry.
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- The mortgage-fraud defendants are winding up with more severe sentences than the Enron crew ... . The highest penalty meted out in Enron was the 24-year sentence for ex-CEO Jeff Skilling. But in the last month in Harris County courts, three people have been sentenced to 25 years in prison for mortgage fraud, and a fourth received a 40-year sentence.
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