'Heartless' U.S. mortgage modification scheme leads to 16-year prison term
Source: Reuters
A California man was sentenced on Thursday to 16 years in prison for his role in what prosecutors said was the largest mortgage modification scheme ever prosecuted, involving more than 30,000 homeowners defrauded out of $31 million.
Dionysius Fiumano, a former sales manager at Irvine, California-based Vortex Financial Management Inc, was sentenced by U.S. District Judge John Keenan in Manhattan, who said the harm to victims had been "enormous financially and emotionally."
"This was a callous scheme and really a heartless one," Keenan said.
Fiumano, who was also ordered to pay nearly $20 million in restitution, was one of five people charged in connection with the scheme, and the only one to go to trial. A federal jury found him guilty in May on conspiracy and wire fraud charges.
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Read more: http://www.reuters.com/article/us-mortgage-crime-idUSKCN11L2NH
U.S. | Thu Sep 15, 2016 4:16pm EDT
By Nate Raymond | NEW YORK
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. . . even if your fraud involved millions of customers and was more than six times the size of this particular affair.
Have a nice day!
and so it goes.
We at least can get our 2 minute hate, right? 
