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North Carolina Real Estate Broker Sentenced For Mortgage Fraud

A 49-year-old real estate broker was sentenced in federal court Wednesday to 3.5 years in prison and ordered to pay $1.6 million for participating in a mortgage fraud scheme during the recession, federal prosecutors announced. Mark Henry Tkac of Raleigh pleaded guilty to conspiracy to commit mail, wire and bank fraud for his role in […]

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Maryland / North Carolina Real Estate Developer Sentenced To Prison In Extortion Scheme

Daniel Ira Colton, 64, Annapolis, Maryland and Raleigh, North Carolina, was sentenced to two years in prison followed by three years of supervised release for conspiracy to commit extortion and to making false statements. Colton offered money, entertainment, mortgage payments, and monetary and in-kind campaign contributions to state and local government officials in exchange for […]

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US Supreme Court Rules on Mortgage Fraud Restitution Calculations

WASHINGTON (AP) — The U.S. Supreme Court has clarified how restitution must be computed in mortgage fraud cases. The justices in a unanimous decision Monday said that restitution to a bank that has been defrauded must be calculated based on the value of property when it is actually sold, and not the earlier date on […]

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North Carolina Woman Sentenced to 6 Years in Mortgage Fraud Case

Former Charlotte real estate lawyer Victoria Sprouse, convicted in 2009 in one of the largest mortgage fraud cases in Mecklenburg’s history, was sentenced on Tuesday to more than six years in prison. Sprouse was convicted in April 2009 on 18 charges, including bank fraud, money laundering and conspiracy charges. She and her co-conspirators were accused […]

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Attorney Sent to Prison for Role in North Carolina Developer’s Mortgage Fraud Scheme

A U.S. federal judge has sentenced Amy Robinson, the Rolesville attorney caught up in a 2006 mortgage scam with a Raleigh real estate developer, to 18 months in prison and ordered her to repay $2.6 million to the banks and victims caught up in the scheme. Robinson’s prison term will be followed by three years […]

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Two in North Carolina Sentenced for Bank Fraud

Jackie Gale Weaver, 50, West Hamlin, North Carolina, was sentenced by Chief United States District Judge James C. Dever, III to 21 months in prison. Larry Max McDaniel, 70, Vienna, North Carolina, was also sentenced by Chief United States District Judge James C. Dever, III to 66 months in prison. Restitution has been ordered in the […]

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