5 years for Va. man who ran mortgage fraud scheme
The ringleader of a mortgage fraud scheme involving dozens of homes in northern Virginia and losses of at least $9 million has been sentenced to five years in prison.
Real estate agent Ruben Rojas led a criminal enterprise that resulted in 20 arrests last year. Police investigated after residents in some Fairfax County neighborhoods complained that the homes in question were serving as illegal boarding houses.
The five-year sentence was longer than what prosecutors sought. Both the judge and the government said Rojas' behavior is a prime example of what went wrong nationally in the housing market.
Mortgage fraud has been a top priority for federal prosecutors in Virginia, with more than 50 criminal cases since 2009. Banks and other victims lost more than $100 million in those frauds.
-- Associated Press
Washington Post Editors
May 7, 2010; 10:32 AM ET
Categories: Fairfax , Financial Crimes , From the Courthouse
Save & Share: Previous: Man charged with arson after $100K D.C. house blaze
Next: Fairfax man uses iPhone app to meet, have sex with 14-yr-old girl
Posted by: rickyjohnson1 | May 7, 2010 11:49 AM | Report abuse
Posted by: Special_One40 | May 7, 2010 12:14 PM | Report abuse
Posted by: jckdoors | May 7, 2010 3:53 PM | Report abuse
The comments to this entry are closed.