North Texas Man Sentenced in Mortgage-Fraud Scheme

By: Associated Press Email
By: Associated Press Email

DALLAS (AP) he last of four people has been sentenced to prison for a North Texas mortgage-fraud scheme that led to more than $3 million in losses to lenders.

Federal prosecutors said Monday that 35-year-old Jarrod Williams of McKinney was sentenced after pleading guilty in January to conspiracy to commit wire fraud affecting a financial institution.

Williams previously was convicted of being involved in a foreclosure scam so when combined with his latest conviction Williams will serve more than nine years in prison. He also must pay more than $5 million in restitution.

Authorities who prosecuted the mortgage-fraud case say Williams worked with three others to submit loan applications that included false statements. In one instance, a loan that was approved allowed Williams to collect $800,000, which he split with the others.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 271728321 -
Gray Television, Inc.