Edward Bohm, former president of sales and co-owner of mortgage lender Vanguard Funding was sentenced to two years in prison for pocketing more than $8.9 million from warehouse lenders along with two other former executives at the firm.

The United States Attorney for the Eastern District of New York on Tuesday also ordered Bohm to pay $3.5 million in restitution and $1.5 million in criminal forfeiture for his connection with the diversion of warehouse loans. Bohm pleaded guilty to conspiring to commit wire and bank fraud in February 2019. 

“With today’s sentence, Edward Bohm has been deservedly punished for his role details ⇒

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