Sentencing in Straw Buyer Fraud

Rachel Dollar —  November 5, 2015 — Leave a comment

Sean McClendon, 49, Elk Grove, California, was sentenced to one year and eight months in prison.

On October 18, 2012, McClendon pleaded guilty to a conspiracy to commit mail fraud for his involvement in a Sacramento, California area mortgage fraud scheme with Anthony Salcedo and Anthony Williams. According to court documents, McClendon and Williams recruited straw buyers to purchase four properties owned by Salcedo or his associates using kickbacks, false financial information for the buyers, and payments outside of escrow.

All properties involved were foreclosed by the lenders, resulting in losses of over $1 million.

In June 2015, a jury found Salcedo guilty of four counts of mail fraud and one count of conspiracy to commit mail fraud. He is scheduled to be sentenced on November 12, 2015. On January 29, 2015, Williams was sentenced to two years and nine months in prison.

United States District Judge Morrison C. England Jr. sentenced McClendon.  The case is the product of an investigation by the Internal Revenue Service – Criminal Investigation and the Federal Bureau of Investigation. Assistant United States Attorneys Jean M. Hobler and Marilee Miller are prosecuting the case.

Rachel Dollar

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