Former Mountain View Businessmen Sentenced in Real Estate Investment Fraud Case

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.