From Deseret News archives:
Mortgage fraud earns man a 33-month term
Rob Ellertson, 42, was sentenced earlier this month by U.S. District Judge Dee Benson, who also ordered Ellertson to pay about $2.8 million in restitution to victims' mortgage and title-insurance companies.
Ellertson pleaded guilty last March to two counts of wire fraud and admitted that from March 2002 to September 2003, he and another man devised a scheme to obtain loan money and property from mortgage companies by means of a straw buyers scheme. The scheme involved buying lots in Salt Lake and Summit counties and then recruiting people who were paid a fee for permission to use their names and financial information to take out loans.
According to the plea agreement signed by Ellertson, he admitted that he completed all loan applications on behalf of the straw borrowers, which is against the law. He also misrepresented the borrowers' incomes and indicated that the borrowers intended to occupy the property when they did not.
Comments
- Endangered tongues conference 4:43 p.m.
- 'Dinosaur Odyssey' insight to life 4:35 p.m.
- PETA unhappy with Utah laws 4:33 p.m.
- Waste incinerator settlement OK'd 4:27 p.m.
- Gas line prompts Parowan evacuation 4:25 p.m.
- Canal co. shareholders OK merger 4:24 p.m.
- Crèche convention opens in SLC 4:02 p.m.
- Utes focus on game, not 'GameDay' 3:58 p.m.
- Duchesne developers charged 3:16 p.m.
- Hall closing in on victory milestone 3:15 p.m.
- House passes health care bill
326 - SLC council OKs gay rights policies
310 - TCU showdown has big implications
195 - Senators want food tax restored
158 - Cougars crush hapless Cowboys
155 - Utah Jazz fall apart against Kings
131 - Will state consider gay rights law?
129 - TCU 4th in AP poll; U. 16th, Y. 22nd
119 - Letters: Strange breed in Utah
117 - S.L. vote pending on gay protections
110
One of my guilty pleasures is perusing the covers of celebrity magazines...
The galactic center shines like firelight through gaps in …
Beef or chicken tonight? Or, hey! Why not both?!
So any talk of them being Christian and/or mainstream previous to this has...
I love it when people quote scripture to support their antigay biases....
At a stake temple day this past week, I ran into a cousin I haven't seen ages...
I am not a member of the LDS religion. I don't believe in your god. ...
To One mans trash.... | 4:18 p.m. For sensible human beings, asking them...
They should pay back the $250,000 dollar settlement from Duchesne ...
Zoobies, this Ute squad is always in games, they don't roll over like max...
Good way to look at it, win-win! Utah has been good enough to at least have...
Not surprised Utahs flock to their radios to listen to trash-talking...


You can be the first to comment on this story.