The Mortgage Fraud Blog reported yesterday that the principals of the Dorean Group were sentenced to prison by U.S. District Court Judge William Alsup. Dale Scott Heineman, 48, of Union City and Kurt F. Johnson, 45, of Sunnvale, received sentences of 21 years, 8 months and 25 years following their conviction by a jury in November 2007 of 35 counts of mail fraud.
In addition to Heineman and Johnson, four of the Dorean Group’s brokers were charged in a scheme of “debt elimination”, in which fraudulent document were recorded in order to clear their clients’ titles to properties. Once title was cleared, the Dorean Group and their clients applied for and received hundreds of thousands of dollars in loans.
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