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Ex-Mortgage Lender Sentenced to Prison for Fraud Scheme

A former mortgage loan originator has received a prison sentence for a mortgage fraud scheme. So reports WICS in Springfield, Ill.

jail 1287943 1280Christopher Schaller, formerly the manager for the Springfield, Illinois office of Diamond Residential Mortgage, was sentenced to 30 months in prison.

A federal prosecutor said the sentence “shows that white-collar defendants who harm customers and steal from their employers and entities like the Veterans Administration will pay a stiff penalty for their actions.”

Read the full article from WICS.

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