Tucson-based real estate agent headed to prison in mortgage fraud case

Tucson, Ariz.-based real estate agent and developer Walter Scott Fruit, 54, has been sentenced to 30 months in federal prison and ordered to pay more than $2.5 million in restitution after pleading guilty to his role in a mortgage fraud scheme during the housing boom that involved the sales of several properties to straw buyers at inflated sales prices. A former escrow agent, Sandra Jackson, 48, also pleaded guilty to conspiracy to commit wire fraud and was sentenced to six months in prison, prosecutors said. Source: justice.gov.