UDF Executives Sentenced for Fraud

Years behind bars: Prison sentences handed down for UDF executives

bizjournals bizjournals | 1 year ago

United Development Funding executives were sentenced during a hearing in Fort Worth on Friday after a federal jury found them guilty on all 10 counts each faced with convictions that included securities fraud and conspiracy to commit securities fraud, among others, earlier this year.

Prison bound? Convicted UDF executives lose bid to remain free while their case is on appeal

bizjournals bizjournals | 1 year ago

Four convicted executives of Grapevine-based residential real estate lending firm United Development Funding sentenced last month to a combined total of 20 years in federal prison have lost their bid to remain free while their convictions are on appeal.

Four UDF executives sentenced to combined 20 years in Ponzi scheme seek to remain free pending outco...

bizjournals bizjournals | 1 year ago

Four executives of Grapevine-based residential real estate lending firm United Development Funding were sentenced Friday to a total of 20 years in federal prison, but they’re not behind bars yet. They might not be for many months — or ever — depending on the outcome of legal moves put in place in the hours after they were sentenced.

Government objects to convicted UDF executives’ freedom pending appeal

bizjournals bizjournals | 1 year ago

Federal prosecutors are seeking incarceration of four convicted executives of Grapevine-based residential real estate lending firm United Development Funding who were sentenced last month to a combined total of 20 years in federal prison. The UDF executives have requested to remain free while their conviction is on appeal.

UDF executives scheduled to be sentenced Friday, barring request to delay hearing

bizjournals bizjournals | 1 year ago

The CEO and three other executives of Grapevine-based United Development Funding found guilty in January of securities fraud, wire fraud and conspiracy are scheduled to be sentenced on the extensive white-collar-crime convictions on Friday.

Missouri Contractor Gets Eight Years in Prison for Fraud, Tax Scheme

Engineering News-Record Engineering News-Rec... | 1 year ago

A federal judge in Missouri sentenced Patrick Dingle, a former construction operations manager for Zieson Construction Co., to eight years in prison without parole for false tax returns and his role in a fraud scheme that won Zieson $335 million in government contracts for which it was not eligible. The judge also ordered Dingle to forfeit $5.4 million representing his share of the profit and restitution.He is due to begin serving his sentence on Nov. 7, likely at FCI Schuylkill in ...

Kyle Bass dismisses UDF's allegations as prison sentences delivered: 'They’re the ones who’ve be...

bizjournals bizjournals | 1 year ago

Hedge fund manager Kyle Bass was in federal court in Fort Worth on Friday, but he wasn’t on trial. It seemed like it for a moment, though, as the lead defense attorney representing United Development Funding went on the offensive against Bass, founder and chief investment officer of Dallas-based Hayman Capital Management.

N.J. Man Gets More Than 8 Years in Prison For 10-Year Mortgage Fraud Scheme

nationalmortgageprofessional nationalmortgageprof... | 2 years ago

Total, including securities fraud, estimated at $60 million for multifamily scheme.

Former Vanguard Funding exec sentenced to 2 years in prison

housingwire housingwire | 1 year ago

Edward Bohm, a former executive of Vanguard Funding, was sentenced to two years in prison for pocketing $8.9 million from warehouse lenders. The post Former Vanguard Funding exec sentenced to 2 years in prison appeared first on HousingWire.