Stephen Elmer Callo, Oahu, Hawaii, has been sentenced by U.S. District Chief Judge Susan Oki Mollway for his role in the largest Hawaiian mortgage fraud conspiracy involving wire fraud and loan application misrepresentations.
The defendant was sentenced to 15 weekends in prison for misrepresenting his income on a loan application for a $554,501 mortgage on his home. The Judge also fined Callo $3,000 and ordered him to perform 300 hours of community service.
Callo pleaded guilty to one count of wire fraud in January 2013. As previously reported by Mortgage Fraud Blog, Callo was indicted in August 2010 along with 13 others.