North Hills Man Sentenced To 46 Months In Prison For Mortgage Fraud Scheme
PITTSBURGH, Pa. - A resident of Allegheny County has been sentenced in federal court to 46 months imprisonment to be followed by the years of supervised release on his conviction of mail fraud conspiracy, mail fraud and money laundering, United States Attorney David J. Hickton announced today.
Senior United States District Judge Alan N. Bloch imposed the sentence on James C. Platts, 60.
According to information presented to the court, Platts' business, known as Easy Realty Solutions, Inc., entered into agreements with prospective buyers of four residential properties located in Allegheny County. In an effort to obtain loans for these buyers, Platts caused false information to be submitted to the lenders in order to obtain approvals for the loans. The indictment further alleged that the fraudulent representations submitted by Platts to the lenders included false statements concerning the buyers' incomes, cash on hand, and rental payment histories.
Assistant United States Attorney Shaun E. Sweeney prosecuted this case on behalf of the government.
U.S. Attorney Hickton commended the United States Postal Inspection Service and the Internal Revenue Service for the investigation leading to the successful prosecution of Platts.