HOUSTON, TX – February 18, 2011 – (RealEstateRama) — Melvin Lendall Brown, a Houston area resident, has been sentenced to prison for wire fraud arising from a mortgage fraud scheme, United States Attorney José Angel Moreno announced today.
This morning, United States District Judge David Hittner sentenced Brown, 48, to 57 months in prison for his wire fraud conviction arising from an elaborate mortgage fraud scheme in which Brown was an organizer and leader. Brown pleaded guilty to a single count of wire fraud arising from the scheme on April 20, 2010. The scheme, carried out between June 2004 and June 2005, involved numerous misrepresentations on mortgage loan applications prepared for recruited straw purchasers and supported by fraudulent documents.
More info...
