Los Angeles Man Sentenced to Over Three Years in Federal Prison in Home Loan Scam That Cost Banks More Than $1 Million

Los Angeles Man Sentenced to Over Three Years in Federal Prison in Home Loan Scam That Cost Banks More Than $1 Million

LOS ANGELES, CA – October 3, 2012 – (RealEstateRama) — A 50-year-old resident of Tujunga was sentenced this morning to 37 months in federal prison for his participation in a home equity line of credit (HELOC) scheme that resulted in losses of more than $1 million.

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