SACRAMENTO, CA - An Elk Grove attorney who admitted in a plea agreement that he knowingly verified inflated income statements made by borrowers to lenders in connection to a mortgage fraud scheme was sentenced to two and half years in prison on Tuesday.
Sean Patrick Gjerde, 37, pled to conspiracy and making false statement charges, according to the U.S. Attorney's Office, Eastern District of California. He confirmed he wrote approximately 20 fraudulent letters.
Gjerde was working for Hoda Samuel, the owner and operator of Liberty Real Estate & Investment Company, a real estate agency, and Liberty Mortgage Company. She was convicted of mortgage fraud and received a 10-year sentence.
STORY: Elk Grove real estate broker sentenced for mortgage fraud
Additionally, the State Bar Court in April, 2012, placed Gjerde on inactive status in the State Bar because of pending cases alleging misconduct on his part. The U.S. Attorney said the cases were not related to the mortgage fraud indictment.
Federal prosecutors have charged eight others in the mortgage fraud scheme. Seven have entered guilty pleas and await sentencing.