Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A Colorado man was sentenced Friday to 101 years in prison and $37 million in restitution for his involvement in a mortgage fraud case, media reports said. Gerald P. Small III, 43, of Broomfield, Colo., was arrested a year ago for his part in a scheme to obtain hundreds of millions of dollars in bogus mortgages and multimillion-dollar lines of credit, authorities told the Denver Business Journal. Small and five others were indicted in the case, reports said. The case involved falsifying documents that were submitted through Small's company, Amerifunding of Westminster, and another company he controlled, 20th Century Mortgage Inc., reports said. The plea agreement shows that Small and his associates at Amerifunding placed help-wanted ads in a Denver newspaper in which salaries of more tha...