Business owner gets 3 years for wire fraud
October 27, 2011
Total Loss:
$3 Million
The owner of an Odenton title company was sentenced to more than three years in prison for wire fraud in a scheme to divert more than $3 million in settlement funds intended to pay off the previous mortgage on the properties to himself and his business.
Michael A. Gmeinwieser, 38, of Severn, was also ordered to have three years of supervised probation upon his release and pay restitution of $3,041,497.
Source:
Hometwon Annapolis
Posted in:
ACH and Wire Fraud