Maryland real estate agent headed to prison for 3 years

A Maryland real estate agent has been sentenced to 37 months in prison and ordered to pay restitution of $5.95 million for his role in a mortgage fraud scheme prosecutors said involved 30 straw buyers and more than 50 homes from 2006 through 2009.

Daniel Ofei, 39, of Bowie, Md., pleaded guilty to conspiracy to commit wire fraud. Four others involved in the scheme have entered guilty pleas, prosecutors with the U.S. Attorney’s Office for the District of Maryland said.

Ofei’s attorney told The Gazette (Gaithersburg) that his client, who’d faced a maximum sentence of 30 years, still has his real estate license but has no intention of getting back into the business when he’s released. Source: justice.gov.