Kahala Hickoff, HUD-approved appraiser, was sentenced in US District Court, Los Angeles, California, after pleading guilty to making false statements. Hickoff prepared fraudulent appraisals for FHA-insured properties and used the names of others when he signed and submitted documents. As a result of Hickoff‘s actions, HUD was damaged in the amount of $2.7 million after 31 properties defaulted.
Specifically, Hickoff was committed to the custody of the Bureau of Prisons to be imprisoned for a term of 6 months. Following imprisonment, Hickoff was placed on Supervised Release for a term of 3 years on each of counts 1 and 2 (to run concurrently). Hickoff was ordered to pay restitution in the total amount of $905,970. All fines were waived as it was found that defendant did not have the ability to pay a fine in addition to restitution. The Defendant shall pay to the United States a special assessment of $200.