Confederates' Testimony Sinks Mortgage Fraud Ringleader; Gets 15 Years While Most Co-Defendants Get Hand-Slap

In Franklin County, Ohio, The Columbus Dispatch reports:

• The ringleader of a mortgage-fraud team was sent to prison for 15 years yesterday after he and seven others were found guilty of defrauding lenders out of more than $1.1 million in property loans. Kim Anderson, 46, of Powell, was found guilty by a Franklin County Common Pleas Court jury last month of theft, forgery, money laundering, identity theft and engaging in corrupt activity.

• Anderson was one of 10 people indicted in June 2007. They falsified loan documents and inflated mortgage amounts to obtain loans for five central Ohio properties, Assistant Prosecutor Scott Smith said. [...] Many of Anderson's co-defendants testified against him at trial.

For more, see $1.1 MILLION MORTGAGE FRAUD: Ringleader sentenced to 15 years.