Listen Online - Listen on Mobile Radio.com | Mobile App Info

Calif. Man Gets Prison In Nev. Mortgage Fraud Case

LAS VEGAS (AP) — A 55-year-old California man was sentenced to 5½ years in federal prison years for heading what prosecutors called a double escrow mortgage fraud scheme in Henderson and Las Vegas.

U.S. Attorney Daniel Bogden said Friday that George Anderson of Copperopolis, Calif., also got three years of supervised release after prison for his guilty plea in April to conspiracy to commit wire fraud.

A 38-year-old co-defendant, Andrew Swan of Heyworth, Ill., was sentenced in June to 2½ years in federal prison for wire fraud and conspiracy.

Together, the two men were ordered to pay $3.5 million in restitution.

Bogden says Anderson admitted soliciting straw buyers for homes that Anderson controlled and resold at a profit, and Swan was recruited to buy houses from the straw buyers for a kickback.

© Copyright 2013 The Associated Press. All Rights Reserved.

This material may not be published, broadcast, rewritten or redistributed.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Las Vegas

Get Started
Introducing Your New Podcast Network Play.it

Listen Live