November 18, 2010 – (RealEstateRama) — The second of two Prior Lake men was sentenced earlier today in federal court in Minneapolis for his role in a scheme that defrauded mortgage lenders out of more than $2.5 million by causing them to make loans based on false information. United States District Court Judge David S. Doty sentenced Christopher Glenn Kennedy, age 31, to 48 months in prison on one count of wire fraud and one count of money laundering in connection to that crime. On November 10, 2010, Judge Doty sentenced Beau Wesley Gensmer, age 29, to 36 months in prison on the same charges. Both men were indicted on April 21, 2010, and pleaded guilty in August of 2010. A third co-defendant has pleaded guilty in the case and awaits sentencing.
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