Kansas Man Sentenced for Mortgage Fraud

admin —  August 17, 2009 — Leave a comment

Michael J. Dean, 41, Kansas City, Kansas, has been sentenced to 1 year in federal prison.

In April 2009, Dean pleaded guilty to one count of making false statements on a mortgage loan application and one count of money laundering. In his plea, Dean admitted that on January 7, 2008, he made false statements in an application for a loan to purchase a property in the 11000 block of Northridge in Kansas City, Kansas.

In his loan application, he did not disclose that in May 2004 he was sentenced to 71 months in federal prison and ordered to pay more than $113,000 in restitution after pleading guilty to one count of unlawful possession of a firearm after a felony conviction and one count of making false statements on a loan application. He also did not disclose a February 24, 2004, order in Wyandotte County District Court to pay $15,030. As a result, he obtained more than $243,000 in proceeds from the loan, which were transferred from People’s Bank to Capital City Bank. If he had disclosed the amount of money he owed in those cases, Peoples Bank would have rejected his loan application.

U.S. Attorney Lanny Welch made the announcement and commended the U.S. Secret Service, the Johnson County Sheriff’s Department and Assistant U.S. Attorney Marietta Parker for their work on the case.

Be Sociable, Share!


Posts Google+

No Comments

Be the first to start the conversation.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>