- Congressman: McAuliffe victory means gun control a winning message
- Clinton aide admits soliciting disgraced D.C. fundraiser; says actions were legal
- Joel Osteen church victimized in $600K theft
- Obama goes shopping at Gap as minimum-wage thanks
- N.J. woman charged after client dies from black-market butt injections
- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
- 9/11 terror recruiter released in Syrian prisoner swap
- D.C. elections board gives green light to marijuana legalization initiative
- Elephants can tell difference between human languages: study
Developer sentenced to 10 years in fraud case
EUGENE, Ore. (AP) - A former Bend developer must report to authorities by May 1 to start serving a 10-year prison sentence in connection with a wide-ranging mortgage fraud scheme that occurred during Central Oregon’s real estate boom and bust.
Shannon Egeland, 39, was vice president of the now-defunct Desert Sun Development company, which orchestrated tens of millions of dollars in mortgage fraud between 2004 and 2008. Company president Tyler Fitzsimons was previously sentenced to more than seven years in prison.
Egeland received a tougher penalty Wednesday because he committed crimes while awaiting sentencing after pleading guilty to bank fraud and conspiracy to commit bank fraud. He also was ordered to pay more than $13 million in restitution.
U.S. District Judge Ann Aiken heard an emotional plea by Egeland for a shorter prison sentence but sided with the prosecutor’s recommendation, The Register-Guard reported (http://is.gd/d1v01k). She agreed with Assistant U.S. Attorney Scott Bradford’s assessment that Egeland’s motivation for his crimes was greed.
“The two of you did so much damage in that community, and you dragged people through so much,” she said.
Bradford said he was at a loss to explain Egeland’s conduct. One of the first people to cooperate when investigators began probing Desert Sun’s collapse, Egeland began resisting and trying to minimize his role after he realized he would have to plead guilty and go to prison, the prosecutor said.
Then, after entering that plea in June 2010, Egeland got into more trouble. In late 2010, he was convicted in Grant County of selling drugs within 1,000 feet of a school and then perjured himself when testifying at his trial, resulting in another conviction.
Last June, he was convicted of theft for stealing $9 worth of goods from a Fred Meyer store, Bradford said. That put him in violation of his plea agreement in the Desert Sun case, which required he break no laws while awaiting sentencing.
The Desert Sun fraud primarily involved two schemes, one centered on commercial development projects and the other a home construction-flipping scheme. Egeland and Fitzsimons used the ill-gotten money to support luxurious lifestyles, prosecutors said.
Information from: The Register-Guard, http://www.registerguard.com
TWT Video Picks
An America drowning in red ink is the land of the free no more
- Inside the Beltway: A new interest in Rahm Emanuel for 2016?
- Kim Jong-un calls for execution of 33 Christians
- David Jolly wins in Florida, GOP keeps swing district seat
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Brennan: Russia 'absolutely' could invade eastern Ukraine
- House Democrats trying to force unemployment insurance vote
- White House touts leadership in handling of crisis in Ukraine, despite lack of results
- FCC targets black conservative in TV station fight
- Atheists sue to remove 'Ground Zero Cross' from 9/11 museum
- Liam Neeson tells NYC mayor to 'man up' in horse carriage fight
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again