- Associated Press - Monday, July 21, 2014

NEW HAVEN, Conn. (AP) - A former corrections officer in New York has been sentenced to 15 months in prison for his role in a mortgage fraud scheme.

Federal prosecutors say 49-year-old Jacques Kelly of Pleasant Valley was also ordered Monday to pay restitution of about $180,000.

He was found guilty in April of charges stemming from the fraudulent purchases of properties in New Haven.

Authorities say Kelly and others conspired to defraud mortgage lenders of millions of dollars of mortgage proceeds by inflating the contract price that the sellers of the properties had actually agreed to accept. Prosecutors say the loss attributable to Kelly was more than $1.8 million.

Ten defendants have been convicted in the conspiracy.

Prosecutors sought a sentence of more than two years, while his attorney asked for one year.



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