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Manufactured housing sales manager sentenced for multi-million dollar fraud
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The Blotter
Tuesday, August 19, 2014
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B. Roger Dean Bailey Jr., 41, of Hickory, N.C. was sentenced to 30 months in prison for his role in a mortgage and consumer fraud conspiracy involving manufactured and modular homes, announced Anne Tompkins, U.S. attorney for the Western District of North Carolina. U.S. District Judge Richard Voorhees also ordered Bailey to serve two years under court supervision and to pay restitution, the amount of which will be determined at a later date.
Bailey pleaded guilty in October 2011 to conspiracy and fraud charges related to his and his conspirators’ lies to buyers of manufactured and modular homes, to lenders who financed the home sales, and to the U.S. Department of Housing and Urban Development, which guaranteed the loans.
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