Former Hells Angels President Sentenced to More Than Five Years in Prison in Multi-Million-Dollar Mortgage Fraud, Money Laundering Scheme

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By RealEstateRama -

SAN FRANCISCO, CA – January 19, 2012 – (RealEstateRama) — Raymond Foakes, 48, of Rohnert Park, California, was sentenced yesterday to 70 months in prison and ordered to pay $1,085,000 in restitution for his role in a multi-million-dollar mortgage fraud scheme, United States Attorney MELINDA HAAG announced.

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