WICHITA, Kan. (AP) — A Wichita man described by prosecutors as the leader of a mortgage fraud conspiracy has been sentenced to six years in federal prison.
The U.S. Attorney's office says 47-year-old Manjur Alam must also pay more than $250,000 in restitution under the sentence he received Monday. He pleaded guilty last year to conspiracy to commit wire fraud and bank fraud.
Alam admitted leading several co-conspirators to lie on applications for mortgage loans, in some cases providing false letters of credit for supposed home buyers who never intended to live in the houses. A judge said the resulting loans cost federal lenders more than $485,000.
Five other people involved in the scheme have sentenced to supervised release. A sixth was sentenced Monday to two years of federal probation.
Posted by Greg Palmer
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.