Agent sentenced to 14 Years for mortgage fraud

[Javaman]

http://www.speroforum.com/site/article.asp?idarticle=16357&t=Agent+sentenced+to+14+Years+for+mortgage+fraud

Agent personally derived more than a $1 million in commissions from the mortgage fraud scheme.

Joseph Sterling Jetton, 61, of Woodstock, Ga., was sentenced today to 14 years in federal prison to be followed by five years of supervised release and ordered to pay $11,194,300 in restitution on charges of conspiracy, bank fraud, wire fraud and money laundering related to a multi-million dollar mortgage fraud scheme. Jetton was convicted by a jury on Nov. 26, 2007, after a three week trial, and was sentenced today by U.S. District Judge Beverly B. Martin.

[lonestarnot]

1. I want to see big fish doing the same!

[Lebam in LA]

2. Each and everyone one of them

should be investigated and prosecuted. They need to take a close look at all the New Century Mortgage brokers. They had 20-somethings selling this crap and walking away with millions in commissions.

[gopbuster]

3. Here is a site that is tracking mortgage fraud cases...pages of recent

cases....

http://www.mortgagefraudblog.com/index.php/P15/

[earth mom]

4. Meanwhile the criminals on Wall Street walk away scot free with BILLIONS in their pockets.

:grr: