ANNAPOLIS, Md. (AP) — A former mortgage broker has been sentenced to more than eight years in prison for defrauding people and financial institutions out of over $1 million through an auto-loan application scheme.
The Capital Gazette of Annapolis reports a federal judge on Friday also ordered 48-year-old John O’Day of Kent Island to pay restitution with interest.READ MORE: SLIDESHOW: AVAM's Fourth Of July Pet Parade
The U.S. Attorney’s Office said O’Day will be under supervised release after serving prison time for bank fraud and aggravated identity theft.
The paper says the plea agreement described O’Day admitting he and two co-conspirators submitted at least 30 fraudulent auto loan applications listing him as the seller of the vehicles, even with no ownership interest.READ MORE: Maryland Weather: Warm & Dry Fourth Of July Forecast
It led to checks of nearly $1.2 million for himself and to pay others.
The co-conspirators already pleaded guilty.MORE NEWS: 1 Killed In Fourth Of July Shooting In Southeast Baltimore, Police Say
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