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A man has been sentenced to two years in prison for bank fraud and conspiracy to commit bank fraud in connection with a real estate short-sale scheme, according to federal authorities. So reports local news site RiverBender.com.
David Litman of Illinois, who pleaded guilty last December, was also sentenced to $279,900 in restitution and two years’ supervised release.
“The defendant’s repeated acts of fraud over several years caused lending institutions to lose a significant amount of money," acting U.S. Attorney Doug Quivey said in a statement.
