A federal judge in Illinois has sentenced a former loan originator to 18 months in prison for his role in a multimillion-dollar reverse mortgage and home repair fraud scheme.

Gary Bohn, who previously worked for American Fidelity Financial Services, pleaded guilty to charges stemming from the scheme, which also involved other loan officers, brokers and an appraisal management company. Together, they obtained homeowners’ reverse mortgage funds under the pretense of financing home repairs but ultimately diverted the money.

Bohn held a mortgage loan originator license from 2012 to 2018 and pleaded guilty to mail and wire fraud. He entered a plea agreement details ⇒

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