{Charleston, West Virginia}...Friday, 37 year old Michael Hurd from Salt Lake City, Utah was sentenced in U.S. District Court to 27 months in prison for his role in a mortgage fraud scheme that included property in Putnam County. Hurd was found guilty of conspiracy to commit wire fraud and bank fraud in West Virginia and for mail fraud tied to a similar scheme in Modesto, California, where about $5.5 million was taken from lenders. Hurd admitted that, in the early 2000s, he operated a company called "The Gift Program," a home down payment assistance program through which he schemed with others to illegally flip six properties at Stonegate in Putnam County after they were appraised at inflated values. Saturday, August 11, 2012
Utah Man Sentenced
{Charleston, West Virginia}...Friday, 37 year old Michael Hurd from Salt Lake City, Utah was sentenced in U.S. District Court to 27 months in prison for his role in a mortgage fraud scheme that included property in Putnam County. Hurd was found guilty of conspiracy to commit wire fraud and bank fraud in West Virginia and for mail fraud tied to a similar scheme in Modesto, California, where about $5.5 million was taken from lenders. Hurd admitted that, in the early 2000s, he operated a company called "The Gift Program," a home down payment assistance program through which he schemed with others to illegally flip six properties at Stonegate in Putnam County after they were appraised at inflated values. 