Joshua Clymer, 28, was sentenced to two years in prison for conspiracy to commit mail fraud in connection with a mortgage fraud scheme in which he an his co-defendants helped straw buyers purchase homes by submitting fraudulent loan applications containing lies about the purchasers’ income, assets, employment and intent to occupy the homes.
Clymer, the last of 14 defendants to be sentenced, pleaded guilty to what FBI news release stated was a “loan origination and property flipping mortgage fraud scheme” using the companies Diamond Hill Financial and Bay Area Real Estate Holdings.
Clymer’s co-defendants, who have already been sentenced in this and related cases include Leonard Williams, 87 months; Garret Gililland, 94 months; Niche Fortune, 57 months; Kesha Haynie, 46 months; Eric Clawson, 37 months; Anthony Symmes, 35 months; Carlos Chamorro, 27 months; Shane Burreson, 23 months; Christopher M. Chiavola, 22 months; William E. Baker, 18 months; Nicole Magpusao, 535 days; Brandon Resendez, nine months; and Remy Heng, six months home detention. Twelve of the defendants pleaded guilty, including Clymer. Juries convicted the two defendants who went to trial, Haynie and Williams.
The case resulted from an investigation by the Federal Bureau of Investigation; the Internal Revenue Service, Criminal Investigation; and the Butte County District Attorney’s Office’s Major Crimes Unit.
Read the original article in the Sacramento Bee.