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PLANO (AP) – Five people have been sentenced to prison and must repay millions of dollars in a Texas mortgage fraud scam involving fake documents and inflated home values.
Federal prosecutors in Plano on Tuesday announced penalties for the scheme operating from mid-2006 through March 2008.
Investigators say Debra Rush-Santens of Plano ran three financial and development companies from her residence and her office in Frisco. Rush-Santens in 2012 pleaded guilty to conspiracy to commit money laundering.
She was sentenced to five years in prison and ordered to repay more than $6.2 million.
Four other defendants who pleaded guilty to conspiracy to commit money laundering or to conspiracy to commit wire fraud were also sentenced. Their penalties range from two to seven years in prison and restitution between $1.2 million and $5.9 million.
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