Texas businessman gets 11 years for mortgage fraud | Business news | Chron.com - Houston Chronicle
June 2, 2011, 8:43PM
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DALLAS — A North Texas businessman convicted by a federal jury of orchestrating a multimillion-dollar mortgage fraud scheme has been sentenced to 11 years in federal prison.
A Justice Department statement says Eric Rulack Farrington of Irving was sentenced in Dallas on Thursday after his April 2010 conviction on 32 counts of fraud and other assorted crimes. He was the last of eight defendants convicted in the case to be sentenced.
U.S. District Judge Sam Lindsay also ordered Farrington to pay about $2.5 million in restitution and forfeit about $1.2 million to the federal government.
He was convicted after a nearly two-month federal trial in Dallas. The fraud scheme operated in the Dallas area from March 2002 through January 2006.
Saturday, June 4, 2011
Texas businessman gets 11 years for mortgage fraud | Business news | Chron.com - Houston Chronicle
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