City Loan Officers Sentenced for Fraud

Two Chisago, Minnesota mortgage loan officers have been sentenced in connection with a fraud matter. According to reports, the two pleaded guilty to one count of conspiracy to commit mortgage fraud through interstate wires. They allegedly had friends and relatives act as straw buyers and then submitted the false loan applications to prospective lenders. The have been sentenced to over four years in prison each. The will also have to pay more than $4.8 million in restitution.

It's important that you understand the seriousness of fraud charges as they can result in heavy fines and possible jail time among other consequences. You need to know how to handle your case and protect your rights during this difficult time. You do not have to suffer if your matter is resolved in the best way possible. By employing assistance with your case, you will be able to move forward with your life.

If you or someone you know is facing these charges then it is in your best interest to work with a criminal defense attorney who will be able to help you settle this matter. By working with a defense lawyer, you will have your rights protected throughout this process. You can count on a defense attorney to always have your best interest in mind while dealing with court proceedings. Please take some time today to contact a criminal defense lawyer and begin discussing your case.