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Justice News

Department of Justice
U.S. Attorney’s Office
Northern District of Indiana

Friday, February 23, 2018

Former Mortgage Broker Sentenced To 14 Months In Prison

For His Role In A Bank Fraud Conspiracy

HAMMOND- Alfer Rodenburg, 65, of Houston, Texas was sentenced by United States District Judge Joseph S. Van Bokkelen for conspiracy to commit bank fraud announced, U.S. Attorney Thomas L. Kirsch II. 

Rodenburg was sentenced to 14 months imprisonment followed by 24 months on home detention.  Rodenburg was also ordered to pay $1,004,991.64 in restitution.

Rodenburg previously pleaded guilty to conspiracy to defraud financial institutions for his role in a mortgage fraud scheme.  Rodenburg, acting as a mortgage broker, conspired to obtain first and second mortgages on approximately 14 residential properties in the span of approximately 30 days by failing to inform lenders about his co-defendant’s true and complete liabilities.  This conspiracy resulted in over $1,400,000 in loans being funded over the course of the conspiracy.  Rodenburg and his co-defendant prepared fraudulent loan applications in connection with the purchase of the properties.  The applications contained false statements and representations relating to the co-defendant liabilities, thereby preventing lenders from being able to accurately assess the borrower’s qualifications to borrow money.

Judge Van Bokkelen ordered Rodenburg to report to the Bureau of Prisons on April 6, 2018.  The co-defendant, Walter Woldt, will also be sentenced by Judge Van Bokkelen at the United States Federal Court House in Hammond Indiana on April 6, 2018 at 1:30 p.m.    

This case was investigated by the Federal Deposit Insurance Corporation-Office of Inspector General.  The case was prosecuted by Assistant U.S. Attorney Diane L. Berkowitz.

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Mortgage Fraud
Updated February 23, 2018