LOUISVILLE —
A Jeffersonville man was sentenced to 15 months in prison and ordered to pay $487,111 in restitution after pleading guilty to engaging in a conspiracy with five indicted co-defendants to commit bank and wire fraud in U.S. District Court.
Dane Little admitted to intentionally devising a scheme to defraud several banks and mortgage lenders by submitting fraudulent mortgage loan information in the purchase of 19 properties in Louisville and Jeffersonville, totaling nearly $5 million in value, according to Western District of Kentucky U.S. Attorney David J. Hale.
“Combating mortgage fraud is a priority of the Department of Justice and my office,” Hale said in according to a press release. “We will continue to work with the FBI and our other important partners, such as the Kentucky Department of Financial Institutions, to stop these crimes and bring these people to justice.”
According to the indictment, Little conspired with Louisville resident Stephen C. Netherton and Jeffersonville residents Shawn Bramlett, Billy D. McDaniels, Kyle Kark and Mark Hack to defraud several lending companies by providing false information on loan applications. After loan applications were approved for funding, the loan proceeds were wire transferred to various bank accounts in Louisville.
All of the defendants have plead guilty to the charges. Little is the second co-defendant to be sentenced. Netherton was sentenced to 24 months in prison and ordered to pay $870,000 in restitution.
Clark County
November 26, 2012
Jeffersonville man sentenced to 15 months for bank fraud
He conspired with five others by submitting fraudulent mortgage loan information
-
-
FALCON CHECK UP
- NEWS AND TRIBUNE CRIME BRIEFS — For May 23
- NEWS AND TRIBUNE BRIEFS — For May 23
- Personal Counseling Service officially opens annex building
-
Clarksville, Colgate working to fix drainage issues
- Henryville students, staff donate, contemplate volunteering
- Area agencies prepare to provide tornado relief
- May 21, 2013
- Jeffersonville taps Heavrin as new animal shelter director
- Luminaria event rescheduled for May 30
-
Jeffersonville sports complex may lose building
-
