SAN FRANCISCO, CA – October 18, 2012 – (RealEstateRama) — Edward G. Locker was sentenced this week to 30 months in prison for his role in a real estate investment fraud scheme, United States Attorney Melinda Haag announced. On September 24, 2012, co-defendants Richard F. Tipton and David C. H. Lin were sentenced to 18 and 28 months in prison, respectively, for their role in the same scheme. On August 20, co-defendant James W. Ward was sentenced to 60 months’ imprisonment for his role in the scheme. The court imposed these sentences based upon the defendants’ convictions for engaging in a conspiracy to commit mail and wire fraud in connection with their operation of Mountain View private money lenders known as Jim Ward and Associates Inc. and JSW Financial Inc.
RealEstateRama Former Mountain View Businessmen Sentenced in Real Estate Investment Fraud Case