Estimated reading time: 0 minutes, 23 seconds

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.

Read 340 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.