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New York Man Pleads Guilty and is Sentenced for Mortgage Fraud Relating to Marshall Reed Apartments in Carbondale (Federal Bureau of Investigation - Springfield Field Office)

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(Source: Federal Bureau of Investigation - Springfield Field Office) Earlier today, Maximus A. Yaney, 38, of New York, New York, pled guilty to mortgage fraud and was sentenced, the United States Attorney for the Southern District of Illinois, Stephen R. Wigginton, announced. United States District Judge J. Phil Gilbert sentenced Yaney to 18 months in federal prison, to be followed by two years of supervised release, fined him $7,500, and ordered Yaney to pay full restitution of $7,748,019 to the Federal National Mortgage Association ("Fannie Mae") and Greystone...

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