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VA Man Is Sentenced For Land Flip Fraud.(Brief Article)

Mortgage Servicing News

| August 02, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

A Virginia man was sentenced recently in Federal Court here in connection with a land-flip scheme he operated in Westfield, Mass., in 1996 and 1997, according to the U.S. attorney's office for the District of Massachusetts.

Angel Serrano Jr., formerly of Westfield, Mass., was sentenced by U.S. District Judge Michael Ponsor to two years and three months imprisonment, to be followed by four years of supervised release.

Judge Ponsor also ordered Serrano to pay $344,000 in restitution to the Federal Housing Administration and the Department of Veterans Affairs, which insured the ...

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