Monday, January 16, 2012

Mortgage Broker Sentenced to Over Two Years in Prison in Scheme to Defraud Lenders, Family, and Others of Over $1.4 Million

U.S. District Judge Catherine C. Blake sentenced Douglas Skibicki, age 42, of Bethesda, Maryland, today to 33 months in prison followed by three years of supervised release for two counts of mail fraud in connection with a mortgage fraud scheme in which he defrauded lenders, family and others. Judge Blake also ordered that Skibicki forfeit $1.4 million. Judge Blake also ordered that Skibicki pay restitution to the victims, with the exact amount to be determined at a later date.

Read the rest of the article at Mortgage Daily

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