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Relative Fraud Sentencing
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February 16, 2009
A 25-year-old man was sentenced 16 months in prison after pleading guilty to a multimillion-dollar mortgage fraud scheme in Minnesota. His cousin awaits his sentencing in the scam.
Johnny Phong Nguyen was sentenced to three years supervised release after serving 16 months in prison and was ordered to pay restitution of an undetermined amount. Nguyen pleaded guilty to one count of mail fraud and one count of money laundering involving 14 real estate transactions and $7 million in mortgage proceeds. He was an employee of St. Joseph Financial at the time.
Nguyen's cousin, Joseph Huebl is awaiting sentencing for a mortgage fraud scheme involving condominiums in downtown Minneapolis.
Read story at The Star Tribune
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