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: The Home Equity Theft Reporter

Feds Sought 400 Years, Get 100 In Sentencing Of Owner Of 1031 Exchange Intermediary Accused Of Using Clients' Escrow Cash As "Personal Piggy Bank"

By r morris

In Richmond, Virginia, Bloomberg News reports:Edward Okun, the Miami businessman convicted of stealing from customers of his tax-deferral firm, 1031 Tax Group LLC, was sentenced to 100 years in prison for running a $126 million fraud scheme. U.S. District Judge Robert Payne handed down the sentence [Tuseday] in Richmond, Virginia, where Okun?s company was based. Prosecutors sought a sentence of

Full post as published by The Home Equity Theft Reporter on August 07, 2009 (boomark / email).