Alla Samchuk, 45, who was previously a licensed real estate agent, has been sentenced to nine years and six months in federal prison for mortgage fraud, identity theft and obstruction of justice. She was convicted last August.
According to prosecutors, from 2006 through 2008, Samchuk concocted a mortgage fraud involving two homes in Roseville and one in El Dorado Hills. Because she was unable to qualify for the loans, so she found straw buyers to apply for the loans in their own names. The applications contained false statements regarding income, employment and assets, including falsely representing that the straw buyers would occupy the homes.
Judge Garland Burrell Jr. of the U.S. District Court for the Eastern District of California in Sacramento was the trial judge. He imposed the longer sentence because Samchuk had threatened a witness not to report her crimes.
You can read more about the history of the case by going to the U.S. Government Publishing Office.
Read the original article in the Sacramento Business Journal.