ALBUQUERQUE, N.M. (AP) — An Albuquerque real estate broker and a loan officer both will be serving federal prison sentences for wire fraud.
Prosecutors say 31-year-old Keith Michael Courtney was sentenced to a two-year prison [auth] term followed by three years of supervised release.
They say 40-year-old Jason Johns was sentenced Wednesday to five months in prison followed by five months of home detention and three years of supervised release.
Courtney and Johns also were ordered jointly to pay nearly $494,000 in restitution and a $1.6 million fine.
The two men were indicted in November 2011.
Authorities say Courtney and Johns defrauded mortgage lenders by using straw buyers to apply for residential mortgage loans between November 2006 and September 2007.
Johns pleaded guilty in the case and Courtney was convicted by a jury in March.