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Broker sentenced to 41 months imprisonment

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The Adviser

An American mortgage broker has been sentenced to 41 months imprisonment after being convicted of conspiracy in connection with a mortgage fraud scheme.

According to the indictment against the broker, 61 year-old Linda Carnagie submitted false information in loan applications, including misleading employment verifications, in order to obtain mortgage loans for buyers who could not otherwise qualify.

Following her prison term, Ms Carnagie will spend three years in supervised release.

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