Archives For Soussana

Brothers get prison in Long Beach real estate scheme

Two brothers who worked as mortgage loan officers were sentenced today to 2 1/2 years in prison for taking part in a scheme to scam banks and lending companies by falsely inflating the prices of over a dozen waterfront condominiums in Long Beach.

Isaac and Israel Soussana were also ordered by U.S. District Judge Philip S. Gutierrez to pay restitution of about $4.8 million, according to the U.S. Attorney’s Office.