Mary C. Larsen, 49, Nehawka, Nebraska, was sentenced to 21 months imprisonment to be followed by a three-year term of supervised after pleading guilty on March 23, 2006 to an Information alleging one count of mail fraud.

Larsen, a former real estate agent, acquired or assisted in the acquisition of seven residential properties in and near Omaha, Nebraska. The properties were obtained by means of false statements to various mortgage companies. The false statements included: false W-2s, which significantly inflated income; false employment verification forms reflecting employment when the purchaser was unemployed; falsely inflating the existing cash in various bank accounts; and representing that the homes were acquired as primary residences when in fact neither Larsen nor the purchaser had any intent to reside in the residence. Larsen also created a false cashier’s check and a false letter purporting to be from the Internal Revenue Service purporting to release tax liens. Each of the homes has been foreclosed upon resulting in a loss of almost $300,000.00.