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Conspirator Sentenced to Prison for $1.5 Million in Mortgage Fraud Losses (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 James K. Bredar sentenced Demetrius Peete, age 46, of Manassas, Virginia, to a year and a day in prison followed by three years of supervised release for conspiring to commit wire fraud in connection with a mortgage fraud scheme which resulted in losses attributable to Peete of approximately $1.5 million. Judge Bredar also ordered Peete to pay restitution of $394,908 to the victims and to forfeit $1.5 million. 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;...

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