John T. Laufer was sentenced to 8 months' imprisonment and Rick J. Roloff was sentenced to 7 months' imprisonment for their roles in a Wisconsin mortgage fraud scheme.

According to documents filed in the federal case, between approximately 2001 and 2006, Laufer, who operated Laufer Builders, Inc., and Roloff, a mortgage broker doing business as All
American Mortgage, Inc., worked together to secure loans for individuals buying homes and condominiums from Laufer. To obtain the loans, Laufer and Roloff submitted materially false loan applications and other documents intended to deceive lenders as to the applicants' financial condition and ability to make down payments. For example, according to documents filed in the case, Laufer and Roloff: submitted applications which listed false bank account balances and employment information; created false employment documentation; deceived lenders as to purchase prices and down-payment information; created false "gift letters" intended to deceive lenders as to the source of funds allegedly being used for down payments; and, at times, temporarily deposited their own money into applicants' bank accounts for the purpose of inflating the account balances being shown to lenders.

Laufer and Roloff also were ordered to spend three years on supervised release following completion of their prison terms.

United States Attorney for the Eastern District of Wisconsin Michelle Jacobs announced the sentence.

The case was investigated by the United States Department of Justice, Bureau of Alcohol, Tobacco, Firearms, and Explosives, with assistance from the Kewaskum Police Department and the
Office of the State Fire Marshal, Wisconsin Department of Justice / Division of Criminal Investigation.