Pittsburgh Resident Indicted for Fraud and Conspiracy to Maliciously Destroy East Carson Street Property by Fire
PITTSBURGH, Pa. - An Allegheny County man has been sentenced in federal court to 18 months incarceration plus five years supervised release on his conviction of charge of bank fraud conspiracy, United States Attorney David J. Hickton announced today.
United States District Judge Joy Flowers Conti imposed the sentence on David F. Baker III, 62, of Sewickley Heights, Pa.
According to the information presented to the court, David F. Baker, III, conspired to defraud J.P. Morgan and Washington Mutual Bank in false mortgage applications in 2005 and 2007 on a $2.5 million condominium in Sarasota, Fla.
Judge Conti stated that mortgage fraud is a serious crime, and that Baker made material misrepresentations on loan applications in order to purchase an expensive condominium in Florida.
Assistant United States Attorney Gregory C. Melucci prosecuted this case on behalf of the government.
U.S. Attorney Hickton commended the Internal Revenue Service, Criminal Investigation, for the investigation leading to the successful prosecution of David F. Baker, III.