Rogers man sentenced for fake pay stub scheme
Posted: April 30, 2014 at 3:38 p.m.
A Rogers man was sentenced to 18 months in prison and a $2,500 fine for lying about a client's employment history to get a loan, according to a news release from U.S. Attorney Conner Eldridge.
Christian Sanchez, 47, was also ordered to pay $132.550.26 in restitution, according to the news release. Sanchez was a real estate agent with Lighthouse Real Estate in Rogers in 2009 when he submitted fake pay stubs to Countrywide Bank to obtain a loan for a client to buy property in Rogers, the news release stated.
“As this case shows, we are dedicated to identifying and prosecuting fraudulent misrepresentations designed to induce others to advance funds," In this case, a real estate agent perpetrated a scheme to falsify the employment of a client in order to get a loan approved. Such conduct is clearly fraudulent and has now been prosecuted.”