Industry News

Kansas politico sentenced in real estate fraud

Former congressional candidate gets 15 months' prison

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A former Kansas congressional candidate was sentenced Monday by a U.S. District Court in Kansas City, Kan., to 15 months in prison for his role in an alleged mortgage fraud scheme, media reports said. "I know what I did was wrong," the former Kansas congressional candidate said Monday at sentencing, according to the Kansas City Star. Shortly thereafter, U.S. District Judge John W. Lungstrum sentenced Taff to 15 months in prison, saying that he had "debased the public's trust," the Star reported. Lungstrum also sentenced co-defendant John D. Myers to five months in prison and a $50,000 fine for his role in the mortgage fraud. Taff, 40, and Myers, 51, pleaded guilty in November to one count each of wire fraud that occurred when Myers sold Taff his house in Lake Quivira for $1.2 million. Taff also pleaded guilty to one count of violating the Federal Election Campaign Act by misusing election money to obtain a mortgage loan for the home. Lungstrum said that when the charges were first fi...