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Fraudster Homebuilder Sentenced to 15 Years in Prison for Defrauding Investors of $19.805 Million and Evading $2.6 Million in Taxes (Federal Bureau of Investigation - Baltimore Field Office)

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(Source: Federal Bureau of Investigation - Baltimore Field Office) BALTIMORE, MD-U.S. District Judge J. Frederick Motz today sentenced Patrick J. Belzner, a/k/a "Patrick McCloskey," age 45, of Selbyville, Delaware to 15 years in prison followed, by three years of supervised release, on charges of wire fraud conspiracy, wire fraud and tax evasion. Judge Motz also entered an order that Belzner pay $19.805 million in restitution. The sentence was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal Bureau of Investigation; and Special Agent in Charge Thomas J. Kelly of the Internal Revenue Service-Criminal...

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