Real estate agent gets 18 months in prison for false loan application | Arkansas Blog

Wednesday, April 30, 2014

Real estate agent gets 18 months in prison for false loan application

Posted By on Wed, Apr 30, 2014 at 4:00 PM

Christian Sanchez of Rogers has been sentenced in Fayetteville to 18 months in federal prison and fined $2,500 for falsifying a client's employment information to obtain a home mortgage loan. Sanchez also was ordered to pay restitution of $132,550.

U.S. Attorney Conner Eldridge Conner Eldridge said Sanchez worke for Lighthouse Real Estate and submjitted false pay stubs to a bank for a couple to buy a home in Rogers. Eldridge said a relative of the loan applicant had helped the scheme by falsely stating he employed the man when a bank called to check.

Sanchez pleaded guilty last fall.

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