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Florida Appraiser Pleads Guilty
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November 26, 2008
An appraiser who has pleaded guilty to conspiracy to commit wire and bank fraud has been sentenced to 30 years in federal prison and ordered to pay a $1 million fine.
Juan Carlos Gonzalez, 51, admitted to participating in the fraudulent inflation of values on at least 42 properties in 2004 and 2005. Gonzalez was paid the difference between the loan amount and the purchase price, which totaled more than $5 million in proceeds.
Read story at News 4 JAX
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