- Associated Press - Thursday, February 12, 2015

PHOENIX (AP) - A former Mesa mortgage company employee has been sentenced to a year in federal prison for helping his older brother commit mortgage loan origination fraud.

Prosecutors say 35-year-old Kevin Grant Lee also was sentenced to five years of supervised release.

Last year, 46-year-old Scott Thomas Lee received a five-year prison term followed by five years of supervised release.

The brothers previously pleaded guilty to conspiring together and with others to commit mortgage fraud involving high-end residential loans and custom-home construction loans leading up to the real estate crash of 2008.

Both men also were ordered to pay millions of dollars in restitution to lenders.

Prosecutors say Scott Lee formerly owned Summit Capital Mortgage. They say he and the company received nearly $1.5 million in commissions based on the bogus loans.


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