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Tampa judge sends couple to federal prison in $79-million mortgage fraud case

TAMPA — The former president of GreatStone Mortgage and his wife were sentenced to federal prison Monday for their involvement in a scheme that cost banks and the federal Department of Housing and Urban Development a combined $79 million.

According to court documents, Corey and Sandi Brower were involved in a conspiracy from 1999 to 2001 in which they used money from fraudulent mortgages to repay earlier loans fraudulently obtained.

This year, they both pleaded guilty to bank fraud, wire fraud and other charges involving making fraudulent statements to the government.

On Monday, Corey Brower was sentenced to five years and three months in prison. Sandi Brower was sentenced to three years and six months. Both must also complete three years probation and make restitution.

Tampa judge sends couple to federal prison in $79-million mortgage fraud case 10/26/09 [Last modified: Monday, October 26, 2009 8:10pm]
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