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)|
|Article Type:||Brief article|
|Date:||Aug 18, 2008|
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