Closing Attorney Sentenced for Improper Distributions

Allison Tussey —  January 17, 2012 — Leave a comment

William Helbley, Poland, Ohio, has been sentenced for his role in a scheme whereby lenders were induced to approve and fund loans based on the fraudulent loan applications.  Hebley, a title agent, assisted the ringleader in receiving thousands of dollars at closing from the mortgage proceeds.

As previously reported by Mortgage Fraud Blog, the ringleader of the scheme, Romero Minor, Macon, Georgia, was sentenced to nearly six years in prison for his role iin the mortgage fraud conspiracy that involved dozens of properties and $7.5 million in loans.

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Allison Tussey

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