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The Home Equity Theft Reporter: Sentencing Begins For S. Florida Quartet Convicted In Mortgage Fraud Scam Involving Bogus Docs & Appraisals, Escrow Cash Ripoffs, Phony Short Sales All of the defendants, including Louis Gendason, 42, of Delray Beach, FL, previously pled guilty to a Criminal Information charging them with one count of conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349, for their participation in a $2.5 million Home Equity Conversion Mortgage (a.k.a. reverse mortgage) fraud scheme. Sentencing for Gendason has been scheduled for December 16, 2011 at 1:45 PM before U.S. District Court Judge William P. Dimitrouleas.
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