Friday, May 27, 2016

Mortgage Fraud Case Remanded for Recomputation of Forfeiture Order

United States v. Courtney, 816 F.3d 681 (10th Cir. 2016): Mr. Courtney was convicted of three counts of wire fraud in connection with a mortgage fraud scheme. He was ordered to forfeit $1,601,825.84, the full value of the fraudulent wire transfers at issue, and pay $493,230.88 in restitution. The trial court committed plain error by not reducing the forfeiture order by the amount the lenders received from the properties through mortgage payments and the sale of the properties.