Brett A. Thielen Mortgage Fraud Scammer bilked lenders of $2.5 million

Folks all over the States are beset with mortgage repayment problems as the iron grip of the recession drives on relentlessly

Then all we need amongst these problems is a mortgage fraud scammer

But be aware  they regrettably abound and they scam money from innocent folks

Shakopee Valley News

Here is one recent case courtesy of the Shakopee Valley News – quote – A 42-year-old Prior Lake man was sentenced in federal court Monday his role in an elaborate three-step mortgage fraud scam that bilked lenders of $2.5 million in less than a year.

U.S. District Court Judge Patrick J. Schiltz sentenced Brett A. Thielen to 27 months in prison after he pleaded guilty to one count of mortgage fraud through the use of interstate wire and one count of engaging in a monetary transaction in criminally derived property.

The sentencing came one year after Thielen pleaded guilty to those felony charges relating to the fraudulent sales of 13 units of the Sexton Loft condominiums in Minneapolis.

We have a policy here at FHA Rates to deliver quality financial news which means we showcase both the upside and the downside of financial news

‘Where ever money is involved you can be sure someone will be nearby wanting to take the money off you!’

http://www.shakopeenews.com/news/general_news/area_man_sentenced_mortgage_fraud_scheme-112

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