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Escrow officer, four others sentenced in $20M bank fraud
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The Blotter
Monday, December 16, 2013
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Five defendants, including an escrow officer, were sentenced for a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development (DSD), a company previously headquartered in Bend, Ore.
From 2004 through 2008, DSD built commercial buildings and residential housing throughout Central Oregon. According to the court records, DSD principals and other defendants caused financial institutions to lose more than $20 million.
The sentencing details from Chief U.S. District Judge Ann Aiken are as follows:
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