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

A former bank branch manager and his wife have both been sentenced to nine years in prison on charges including conspiracy to commit mortgage fraud. Carl F. Hairston, 32, and Janice Reena Hairston, 38, of Roswell, Ga., were also ordered to pay $416,652 in restitution when they were sentenced Tuesday, the U.S. Attorney for the Northern District of Georgia said in a press release. Prosecutors charged that between July 2000 and January 2006, the Hairstons obtained mortgage and other loans from banks including First Horizon Money Center, where Carl Hairston was a branch manager. The loan proceeds were laundered through a series of shell companies by Janice Hairston, who also used the name Cheryl Owens. The Hairstons' case was aggravated because they continued their fraud after they were in...