Investor Sentenced to 18 Months in Prison for Role in Mortgage Fraud Scheme

PHOENIX, AZ – November 24, 2009 – (RealEstateRama) — Brandon Azadegan, 29, of Phoenix, was sentenced yesterday to 18 months in prison for an April 2009 conviction for his role as an investor selling four homes to a straw buyer. Azadegan pleaded guilty to one count of Conspiracy to Commit Wire Fraud and one count of Transactional Money Laundering. Six other co-conspirators have pleaded guilty for their involvement in the conspiracy. Gheorge Babeti was sentenced to 14 months in federal prison in August 2009. The remaining defendants will be sentenced in the next few months


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