Appraiser Sentenced to 6 Months for Falsifying Appraisals

Allison Tussey —  December 20, 2010 — 1 Comment

Kahala Hickoff, HUD-approved appraiser, was sentenced in US District Court, Los Angeles, California, after pleading guilty to making false statements. Hickoff prepared fraudulent appraisals for FHA-insured properties and used the names of others when he signed and submitted documents. As a result of Hickoff‘s actions, HUD was damaged in the amount of $2.7 million after 31 properties defaulted.

Specifically, Hickoff was committed to the custody of the Bureau of Prisons to be imprisoned for a term of 6 months. Following imprisonment, Hickoff was placed on Supervised Release for a term of 3 years on each of counts 1 and 2 (to run concurrently). Hickoff was ordered to pay restitution in the total amount of $905,970. All fines were waived as it was found that defendant did not have the ability to pay a fine in addition to restitution. The Defendant shall pay to the United States a special assessment of $200.

Be Sociable, Share!

Allison Tussey

Posts Google+

One response to Appraiser Sentenced to 6 Months for Falsifying Appraisals

  1. 31 PROPERTIES!! HOW ABOUT OVER 200 IN HARRIS COUNTY TEXAS FOR ONE PERSON.BUT THIS IS THE GOOD OLD BOY STATE.THAT IS WHY PEOPLE FROM CAL. COME HERE TO DO THEIR DIRTY DEEDS. GEORGE UBER USN RET.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> 

*