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Miller gets one year, one day in federal prison.

Former Little Rock mortgage broker Nelson Miller was sentenced Aug. 8 to a year and a day in federal prison after being convicted in January of 16 counts of defrauding lenders by airbrushing loan applications.

U.S. District Judge Leon Holmes ordered Miller to report to prison--the Federal Correction Complex at Oakdale, La., has been recommended--by 2 p.m. on Sept. 8.

His prison sentence will be followed by five years of supervised release. During the last four years of that, he will be required to pay a $40,000 fine at a rate of $10,000 a year.

Seven former employees of Miller's Freedom Financial Services pleaded guilty to related charges, and an eighth, Casey Miller (no relation to Nelson Miller), was convicted by a jury on four counts. Casey Miller was sentenced to four months in prison. Co-defendant Michael Dorsey, who had been disbarred by the state of Louisiana in 1991 for stealing client funds, drew the stiffest penalty: 13 months in prison."

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Title Annotation:mortgage broker Nelson Miller was sentenced for defrauding lenders
Comment:Miller gets one year, one day in federal prison.(mortgage broker Nelson Miller was sentenced for defrauding lenders)
Author:Moritz, Gwen
Publication:Arkansas Business
Article Type:Brief article
Geographic Code:1U7AR
Date:Aug 18, 2008
Words:165
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