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Report Fraud, Waste and Abuse
Date Published
September 24, 2015
News Type
Press Release
Link to Original
US Department of Justice

(Source: DOJ) WASHINGTON – The owner of a Florida mortgage company was sentenced today to serve 135 months in prison for orchestrating a $64 million mortgage fraud scheme.

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida and Special Agent in Charge Nadine Gurley of the U.S. Department of Housing and Urban Development’s (HUD OIG) Atlanta Region made the announcement.

Hector Hernandez, 57, of Miami, Florida, the owner and operator of Great Country Mortgage Bankers (Great Country), a mortgage lender in Miami, was sentenced for conspiracy to commit wire fraud affecting a financial institution.  He was also ordered to pay $64,508,141 in restitution and to forfeit $8,000,000 in illicit profits...