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Mortgage Fraud Nets Federal Prison Sentence

By: Sam Clanton
Posted: Saturday, November 17, 2012

A man from Springfield has been sentenced to two years without parole in federal prison for mortgage fraud. Thirty-year-old Richard Gillette pleaded guilty to laundering money related to a mortgage fraud scheme. He reportedly used proceeds from two fraudulent loans to purchase an Italian sports car and other items. Gillette was also ordered to pay more than 1-point-2 million dollars in restitution.  

 
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