Two Missouri men were sentenced Wednesday to pay more than $1.3 million apiece in restitution, and one of the men was sentenced to prison, in connection with an $18 million mortgage fraud scheme, officials said.
Anthony Edward Long, 35, of Blue Springs, Mo., and Mitchell David Medlin, 43, of Lee’s Summit, Mo., were sentenced in separate hearings Wednesday before U.S. District Judge Ortrie D. Smith, the U.S. attorney’s office for Missouri’s Western District said.
Long, who pleaded guilty to charges contained in two separate indictments, was sentenced to three years and three months in federal prison without parole. The court also ordered him to pay $1.38 million in restitution, the U.S attorney’s office said.
Medlin was sentenced to five years of probation, including six months in a halfway house and six months of home detention. The court also ordered Medlin to pay $1.38 million in restitution, officials said.
On April 21 and 22, 2005, respectively, Medlin and Long pleaded guilty to wire fraud and money laundering related to an $18 million mortgage fraud scheme, the attorney’s office said.
Long was engaged in the mortgage lending business with his father and codefendant Carl Long, 56, of Oak Grove, Mo., through Community HomeBanc and First Equity Banc, two companies that are no longer in business, officials said.
Medlin was engaged in residential and light commercial construction, doing business as M&R Construction LLC, the attorney’s office said.
On April 21, 2005, Carl Long pleaded guilty to two counts of wire fraud and one count of money laundering. A sentencing hearing has been scheduled for Nov. 7, 2005.
“These defendants participated in a fraud scheme that involved 120 loans valued at nearly $18 million,” said Todd P. Graves, United States Attorney for Missouri’s Western District. “They induced individuals to obtain loans in order to purchase duplexes, and they caused lending institutions to approve those loans, all based on false and fraudulent information. The defendants profited from the fees and commissions resulting from those loans.”
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