Mortgage Fraud Defendant Sentenced

admin —  May 19, 2010 — Leave a comment

Brett Gibbs, a Nevada resident, has been sentenced to 12 months and 1 day in prison on charges of bank fraud and aiding and abetting in connection to a mortgage fraud scheme.

According to the criminal information and plea agreement, Gibbs knowingly caused to be submitted to U.S. Bank, a mortgage application containing false and fraudulent pretenses, representations and promises that caused U.S. Bank to loan money for the purchase of 11505 Lonepoint Ct., Las Vegas, Nevada, by straw buyer and co-conspirator Bret Depue.

Gibbs has also been ordered to pay restitution to Society Generale Bank and Goldman Sacs.

Gibbs was sentenced by Philip M. Pro, United States District Judge, in the District of Nevada.

The investigation in this case was conducted in part by the IRS Criminal Investigation Department.  

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