Man charged in mortgage fraud set for sentencing - New York News

Man charged in mortgage fraud set for sentencing

Posted: Updated:

BISMARCK, N.D. (AP) - Sentencing is set for 1 of 4 people charged in the case of a defunct Arizona mortgage lender accused of swindling Bismarck-based BNC National Bank out of about $27 million.

Authorities say 69-year-old David Kaufman lied to investigators when he was questioned about his role as an independent auditor. He pleaded guilty to obstruction of justice.

Three executives with American Mortgage Specialists Inc. also are charged in the case. AMS allegedly defrauded the bank by providing it with false financial statements and other information about the status of loans the bank had financed.

Sentencing is scheduled for Monday in Bismarck. Kaufman will appear via video from Arizona. He faces a maximum sentence of 10 years in prison.

Related story: Arizona men set to appear in mortgage fraud case

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


  • Local NewsLocal NewsMore>>

  • NY man arrested on DWI charge after friend killed

    NY man arrested on DWI charge after friend killed

    Police say a Long Island man struck and killed a friend after she got out of his car and started walking because she believed he was drunk.
    Police say a Long Island man struck and killed a friend after she got out of his car and started walking because she believed he was drunk.
  • Friday Night Live: July 25, 2014

    Friday Night Live: July 25, 2014

    Friday, July 25 2014 10:31 PM EDT2014-07-26 02:31:59 GMT
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
    This is Fox 5's Friday Night Live, a weekly celebration of the end of the work week. All summer long, the Fox 5 team brings you the latest in entertainment, nightlife, food, and music in our area. In this jam-packed episode: QuickChek New Jersey Festival of Ballooning, Stephen "Twitch" Boss, actress Mary Lynn Rajskub, and Michael Chernow and Chef Daniel Holzman of the Meatball Shop.
  • G subway line shutting down for 5 weeks

    G subway line shutting down for 5 weeks

    Friday, July 25 2014 9:37 PM EDT2014-07-26 01:37:26 GMT
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
    The MTA says there will be no service between the Nassau Avenue station in Greenpoint and Court Square in Long Island City until Sept. 2.
    Beginning Friday night, a portion of the G subway line that connects Brooklyn and Queens will be shut down for five weeks.
    The MTA says there will be no service between the Nassau Avenue station in Greenpoint and Court Square in Long Island City until Sept. 2.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices