- Associated Press - Friday, October 3, 2014

DAVENPORT, Iowa (AP) - A Bettendorf man has been sentenced to more than eight years in federal prison for wire fraud.

The Quad-City Times reports (http://bit.ly/1pw5QDE ) that 66-year-old Thomas Richard Jager was sentenced Thursday in Des Jager had earlier pleaded guilty to four counts of wire fraud as part of a federal investigation centering on him and his mortgage servicing company, Whitehall Funding Inc., formerly in Davenport.

Prosecutors say Jager devised a scheme to defraud mortgage pools serviced by Jager and Whitehall by drafting and faxing false remittance reports to investors in the mortgage pools and submitting false end-of-the-year reports to mortgagors. The scheme lasted from January 2008 to July 2010.

Jager also improperly transferred funds received from mortgagors to his personal accounts.


Information from: Quad-City Times, http://www.qctimes.com



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