Man Gets 5 Years for Operating $13 Million Mortgage Fraud

Stephanie Abbott —  August 1, 2018 — Leave a comment

A suburban Philadelphia man who acknowledged orchestrating a $13 million mortgage fraud scheme for nearly a decade is headed to prison.A federal judge in Philadelphia sentenced George Barnard on Tuesday to five years. The 47-year-old Newtown Square resident pleaded guilty to multiple fraud counts in April.The U.S. attorney’s office says Barnard used the money from the scheme to buy yachts, luxury cars and beach homes.

Source: Man gets 5 years for operating $13 million mortgage fraud | News | phillytrib.com

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