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John Richard Varner

California man sentenced to 13 years for role in HUD fraud scheme

Judges Gavel

The former president of Mortgage One Corporation in Hesperia, Calif. was sentenced to 13 years in federal prison for defrauding the U.S. Department of Housing & Urban Development (HUD) and private lenders by fraudulently obtaining hundreds of federally insured loans and selling those mortgages to private lenders in a scheme that caused tens of millions of dollars in losses to the federal housing agency.Click to continue