Kourosh Partow, 41, Chugiak, Alaska, was sentenced in federal court in Anchorage to 25 months imprisonment and a $50,000 fine for his conviction on two counts of wire fraud arising from a scheme to falsify information on mortgage loans originated by him while acting as a branch manager for the Anchorage offices of Countrywide Home Loans and American Home Mortgage. Partow was also ordered to pay $190,000 in restitution to Countrywide Home Loans and FNMA for losses incurred as a result of the scheme.

According to the indictment, the properties involved were:

2201 W 48th Ave., Anchorage

15621 Stanwood Cir., Anchorage;

3423 Murphy Cir., Anchorage;

308 Davis St., Anchorage;

10936 Elmore Rd., Anchorage;

5431 O'Malley Rd., Anchorage;

6673 Shangri-la Cir., Anchorage;

702 Deermont St., Ketchikan;

6465 Whispering Loop, Unit A & B, Anchorage;

9640 E Forest Grove Cir., Palmer;

705 W 27th Ave., Anchorage;

12343 Silver Spruce Cir., Anchorage;

4265 S Timberland Loop, Wasilla; and

205 Daily Ave., No. 1; Anchorage.

The information presented to the court by Assistant United States Attorney Karen L. Loeffler, revealed that Partow, while branch manager of the Anchorage, Alaska office of Countrywide Home Loans, engaged in a scheme with Azem Limani and others to falsify loan documents by inflating incomes and issuing straw or nominee loans to individuals who were not the true recipients of the loans.

Prior to imposing sentence after a two day sentencing hearing, Judge Holland stated that the sentence was justified by the "outright falsification of loan programs," Partow’s abuse of his role as a manager of various loan companies, and his use of his expertise to trick the systems in place to verify loans in those institutions.