Member of $19 Million Mortgage Fraud Scheme Sentenced to More Than Three Years in Prison
November 3, 2009
Total Loss:
$4 million
U.S. District Judge J. Frederick Motz sentenced Terrence White, age 35, of Oxon Hill, Maryland, today to 42 months in prison, followed by three years of supervised release for mail fraud arising from the fraudulent purchase of 25 properties in Maryland, the District of Columbia and Virginia using false mortgage and settlement documents, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Judge Motz also entered a restitution order against White in the amount of $4,196,967.
Source:
FBI
Posted in:
Internal Fraud