A court sentenced Jack Coppenger, 49, from Akron, Ohio, to 10 years in prison for his role in a $36 million mortgage fraud scam that operated in both Ohio and Florida, National Mortgage News is reporting.
The article explains that Coppenger pleaded guilty to two counts of conspiracy.
Coppenger is accused of conspiring to commit bank fraud and of making false statements to influence a bank to make a loan, the article claims.
National Mortgage News also says Coppenger conspired to defraud the U.S. by making it difficult for the Internal Revenue Service to assess his taxes in 2006.