Mortgage fraud doesn’t pay!
n the following press release Diane J. Humetewa, U.S. Attorney for the District of Arizona announced that Marcus Dozzell, 34, of Henderson, Nevada was sentenced today to 45 months in prison for his conviction in April 2008 for leading a mortgage fraud scheme in Phoenix, Arizona, San Diego, California and Las Vegas, Nevada. Co-defendant Lutrell Sharpe was sentenced to 88 months in prison on January 29, 2009.
Sharpe pleaded guilty to twenty-five counts related to mortgage fraud, including Mail and Wire Fraud, False Loan Applications, Using a Social Security Number Belonging to Obtained by Fraud Money Laundering and Conspiracy as part of a 37-count indictment related to his leadership of a 5-year conspiracy involving the purchase of nineteen properties and ten vehicles using fraudulent loan documents. Ten other co-conspirators were also charged and have pleaded guilty for their involvement in the conspiracy and many will be sentenced in the next few months.
Diane J. Humetewa, U.S. Attorney for the District of Arizona, highlighted the significance of this sentence. “Mortgage fraud has destroyed property values, lending institutions, and entire neighborhoods in our community. It has resulted in the loss of tax revenues and job losses. To those who engage in mortgage fraud you can expect to be prosecuted to the full extent of the law and we will strongly urge prison sentences. I congratulate the Internal Revenue Service and Secret Service for their thorough investigation that led to this significant sentence.”
Mortgage Fraud – Mortgage Fraud News – Two sentenced to imprisonment in wide scale fraud scheme.
