DIRK HALL, a 42-year-old man from Queens, New York, has been sentenced to 41 months in prison for his role in a multi-million dollar mortgage fraud scheme.
According to court filings and facts presented at the sentencing hearing, between September 2008 and May 2011, Hall, together with others, caused mortgage loan applications with false information to be submitted to lending institutions in connection with the purchase of residential properties located within the Eastern District of New York.
The applications contained fraudulently inflated purchase prices, as well as false information about the assets and income of the purchasers of the properties, many of whom were being compensated as part of the scheme to act as straw purchasers. The defendant and his co-conspirators also provided false down payment checks to make it appear as if the straw purchasers and the other borrowers had made down payments in connection with the purchase of the properties, which was a condition of the lending institutions for issuing the mortgage loans.
Richard P. Donoghue, United States Attorney for the Eastern District of New York, announced the sentencing, thanking the Federal Bureau of Investigation (FBI); the Federal Housing Finance Agency, Office of Inspector General (FHFA-OIG); the U.S. Department of Housing and Urban Development, Office of Inspector General (HUD-OIG); the Federal Deposit Insurance Corporation, Office of Inspector General (FDIC-OIG); and the New York State Department of Financial Services (DFS) for their hard work and dedication over the course of this multi-year investigation and prosecution.
The government’s case is being handled by the Office’s Business and Securities Fraud Section. Assistant United States Attorneys David C. Pitluck, Mark E. Bini, and Michael T. Keilty are in charge of the prosecution.
The defendant was sentenced to 41 months in prison, to be followed by five years of supervised release, after having pleaded guilty to conspiracy to commit bank fraud and wire fraud. Dirk Hall’s exact address is Queens, New York. He was 42 years old at the time of the crime.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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