Andrew Wolf, Alpharetta, Georgia, a defendant in a large-scale mortgage fraud scam with losses to lenders in excess of $41 million, was been sentenced to prison. As part of his sentence, Wolf was ordered to pay a special assessment of $ 100.00 and serve a prison term of Twenty-Eight (28) months. The Court recommended that the defendant be incarcerated in a facility that is closest to his family in the State of Florida. As previously reported by Mortgage Fraud Blog, Wolf had previously plead guilty to Count(s) 1 of the Information, Conspiracy to Commit Bank Fraud, Mail Fraud, Wire Fraud and False Statements on Credit Applications. Count 2 was dismissed on the motion of the United States.
Wolf was sentenced in November 2007.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.