Savage Man Sentenced for Participating in $13 Million Mortgage Fraud Scheme

MINNEAPOLIS, MN – April 3, 2012 – (RealEstateRama) — Earlier today in federal court, a 37-year-old Savage man was sentenced for participating in a $13 million mortgage fraud scheme that involved no fewer than 25 properties in Prior Lake, Savage, and Minnetonka, among other Minnesota communities. United States District Court Judge Ann D. Montgomery sentenced Ericvan Anthony McDavid to 45 months on one count of wire fraud. He was indicted, along with two co-defendants, on June 15, 2010 and pleaded guilty on January 26, 2011.