Steven Winter, Columbus, Ohio, a former real estate agent for King Thompson Realty, was sentenced to 2 years in prison and 3 years probation. Winter was also ordered to pay HUD $174,720, and the IRS $183,517, in restitution.
Winter pled guilty to making false statements and filing false tax returns. Winter falsified credit, employment and other documents used by unqualified borrowers to obtain FHA-insured mortgages and failed to report income from real estate sales on his Federal income tax returns. HUD was damages in the amount of $174,720 after five mortgages defaulted as a result of Winter‘s actions.