Lafayette Man Sentenced In Mortgage Fraud Scheme
Two family members are sentenced for their involvement in a mortgage fraud scheme. Lionel Alexander of Dallas got 6 years and 6 months behind bars, while his nephew Blake Alexander of Lafayette got 1 year and 6 months in prison. The two men were sentenced in Dallas.
U.S. Attorney Sarah Saldaña of the Northern District of Texas says the scheme cost financial lenders $1.3 million. Lionel Alexander pleaded guilty in November 2011 to one count of mail fraud; he was the president and CEO of American Family Mortgage in Dallas. Blake Alexander pleaded guilty in August 2011 to one count of conspiracy to make a false statement to a financial institution; he worked as a loan processor for American Family Mortgage.
The judge ordered that Lionel Alexander pay $1,339,305.23 in restitution - $622,879.01 of which is to be paid jointly and severally with Blake Alexander. Both were ordered to surrender to the Bureau of Prisons on March 20, 2012.