Man sentenced in massive mortgage fraud

by Adam Smith11 Apr 2014
A Las Vegas man has been sentenced in a $35 million mortgage fraud scheme. 

Jabari L. Marshall was sentenced to 20 years in federal prison for his role in a massive scheme to obtain fraudulent mortgage loans, The Las Vegas Review-Journal has reported. Marshall, who has been in federal custody since his arrest in January 2012, will also have to pay around $250,000 in restitution and forfeit $6.1 million in assets he acquired through mortgage fraud.

The scheme saw Marshall and nine co-conspirators obtain mortgage loans through straw buyers and fraudulent loan applications, The Las Vegas Review-Journal reported. The fraudulent mortgages cost lenders $15 million in losses.

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