Anthony Dehaney, whose conviction in a multi-million dollar mortgage fraud scheme we previously reported on here, was sentenced today in the Southern District of Florida to eight years in prison. Dehaney pleaded guilty to conspiracy, mail fraud and making a false declaration in a bankruptcy case last October. He admitted before sentencing that he began investing in real estate in 2002 when advisors instructed him that nobody would review the details of his mortgage applications. He also ackowledged lying on numerous loan applications between 2003 and 2006. When the real estate market turned for the worse, Dehaney filed fraudulent (forged) bankruptcy petitions on behalf of three straw buyers in order to stop pending foreclosure proceedings.
The sentence imposed by U.S. District Judge William Dimitrouleas exceeded prosecutors' recommendations by approximately three years according to published reports.