Ernest Wayne White, Jr
, 36, a former mortgage broker, pled guilty in January 2006 to a criminal information charging him with mortgage fraud. As previously reported
by Mortgage Fraud Blog, White
pled guilty to one count of engaging in a monetary transactions in criminally derived property of a value greater than $10,000. White
was sentenced June 30, 2006 to 24 months in prison. However, as a result of White‘
s cooperation with other mortgage fraud cases, the government moved the court for a 6 month reduction in sentence, which was granted in March 2007.