Tuesday, July 12, 2011

Bad Things Happen to Bad People!

From the AP posted on July 12th

Real estate agent from Meridian gets 15 months in prison for mortgage fraud case

BOISE, Idaho — A Meridian real estate agent convicted for lying to a lender has been ordered to spend 15 months in a federal prison and pay more than $333,000 in restitution.

Thirty-three-year-old Melody Redondo was also ordered to serve five years of supervision after prison and perform 80 hours of community service for her role in the mortgage fraud scheme.

Federal prosecutors say Redondo made false financial statements on an application for a $200,000 line of credit filed with a bank.

She was charged by prosecutors last October along with her husband, Paul Redondo. He pleaded guilty to a misdemeanor and was sentenced in May to three years of probation.



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CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
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