Skip to main content

Fugitive Nabbed, Sent to Prison

Courthouse News Service: "DALLAS (CN) - A fugitive mortgage fraudster who was on the run for 6 weeks until the Coast Guard arrested him on a shrimp boat in the Caribbean has been sentenced to 3 years in prison. James Ragnauth, 50, pleaded guilty in September 2009 to defrauding the U.S. Department of Housing and Urban Development. �����At sentencing on Friday, Ragnauth was found to be the leader of a scheme that fraudulently arranged funding of 30 residential loans for more than $1.8 million."........Ragnauth, a naturalized U.S. citizen, was nailed by the Coast Guard as he tried to flee to his native Guyana.

Comments

Popular posts from this blog