Watervliet Man Sentenced for Role in Mortgage Fraud Scheme

November 11, 2010 – (RealEstateRama) — Richard S. Hartunian, United States Attorney for the Northern District of New York; Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing and Urban Development in New York; John F. Pikus, Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation; and Lt. John D. Durling, of the New York State Police Special Investigations Unit, announced that Elmer J. “Joe” McIndoo was sentenced today by United States District Judge Thomas J. McAvoy in Albany to six months of home detention and five years of supervised release for his role in a local mortgage fraud scheme. McIndoo also was ordered to make full restitution in the amount of $135,148.45, due jointly and severally with the other defendants convicted in the case, and he was required to surrender his New York state real property appraiser’s license as a result of his conviction.


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