Ringleader of Ohio Mortgage Scam Sentenced to 4 Years

Allison Tussey —  May 21, 2012 — Leave a comment

Nathan S. Orms, Phoenix, Arizona, has been sentenced to four and a half years in prison for leading a mortgage fraud ring.

Orms was sentenced in Franklin County Common Pleas Court by Judge Richard S. Sheward.

Orms was the ringleader of a mortgage fraud organization that operated in central Ohio between 2004 and 2006. Orms was responsible for defrauding lenders of more than $26 million through fraudulent mortgage applications, with $2.59 million diverted to Orms and his co-conspirators.

Orms and seven co-conspirators were indicted in 2011 in an eighty-four count indictment. On February 3, 2012, the defendant pleaded guilty to ten counts including Engaging in a Pattern of Corrupt Activity, a second degree felony, and nine counts of Money Laundering, all third degree felonies.

Ohio Attorney General Mike DeWine announced the sentence.

The investigation in this case was led by the Central Ohio Mortgage Fraud Task Force with assistance from the Ohio Organized Crime Investigations Commission.

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Allison Tussey

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