LAS VEGAS (Legal Newsline) -- A Las Vegas real estate agent and a mortgage broker have been found guilty in a scheme that netted them nearly $2.5 million in fraudulent loans.
After a seven-day federal trial in Las Vegas, real estate agent Jeannie Sutherland, 67, and mortgage broker Kelly Nunes, 41, were found guilty of one count of bank fraud and one count of conspiracy to commit wire and bank fraud. They were acquitted on a second count of bank fraud.
According to the announcement evidence at trial and court documents, Sutherland and Nunes submitted fraudulent loan documents to a lender and to artificially inflate the sales price of two Las Vegas homes. They then attempted to cover up their scheme by lying to state regulators and federal investigators.
Sutherland and Nunes face a maximum sentence of 30 years in prison on each count. Two co-conspirators, John Williams and Carson Winget, previously pleaded guilty for their roles in the fraud scheme and will be sentenced at a later date.