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April 6, 2009
The five men sentenced for an $18 million mortgage fraud scheme in Provo, Utah, were chastised by the judge who handed down the sentences, which varied in length.
The group used falsely inflated appraisals, false asset and income statements, fake down payments and other fabrications to get straw buyers approved for loans designed to defraud the lender.
All five men apologized in court.
Read story at Deseret News
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