LAS VEGAS -- A federal judge Thursday sentenced a former Las Vegas loan officer to 11 years in prison for convictions related to a mortgage fraud scheme, federal prosecutors said.
Nicholas Lindsey, 40, of Billings, Mont., also was ordered by Senior U.S. District Judge Lloyd George to pay more than $2.2 million in restitution. Lindsay was convicted by a federal jury in April of nine counts of wire fraud and one count of aggravated identity theft.
"Many innocent homeowners in Nevada have suffered because of this type of crime involving fraudulent residential mortgage transactions," Nevada's U.S. Attorney Daniel Bogden said. "Unfortunately, these crimes are not victimless and the damage to the community is lasting. Since 2008, when the FBI and our office made mortgage fraud prosecutions a priority, we have investigated, charged and convicted hundreds of persons for federal mortgage fraud crimes and most of them are now serving time in federal prison."
The case was investigated by the FBI and prosecuted by Assistant U.S. Attorney Christina Brown and Justice Department trial attorney Brian Young.