Hubert Rotteveel, 52, a real estate salesman whose license has been revoked, was sentenced by Senior U.S. District Judge William B. Shubb to three years and four months in prison for one count of mail fraud, according to the U.S. Attorney’s Office for the Eastern District of California.
A federal jury convicted Rotteveel of one count of mail fraud in September 2014. Rotteveel was the real estate agent for 13 properties in Dixon and worked with loan officers to provide fraudulent loan application information to the lenders regarding the financial positions of the buyers. He is said to have made over $300,000 from the scheme but the lenders lost over $3 million when every one of the properties was foreclosed.
Read the original article in the Sacramento Bee.