Daniel Rooks & Stanley Williams Get 7 Years in Prison for Mortgage Scams

WILMINGTON, N.C. (AP) — A federal judge has sentenced two North Carolina men for their roles in a $6 million mortgage fraud scam.

The Star-News of Wilmington reports Wednesday that Daniel Rooks was sentenced to 7 1/4 years in prison, while Alford Rooks received five years of probation. Both Whiteville men pleaded guilty June 1 to conspiracy charges.

Federal prosecutors say Daniel Rooks put trailers on land he bought and subdivided and sold to poor people, lying about the costs. Stanley Williams Jr., a mortgage broker, then falsified loan applications.

WTKR News

Related News

  • No Related Post

Leave a comment

Leave a Reply

Useful Information

Mortgage Calculators, Auto Loan Calculators, Personal Finance Calculators, Student Loan Calculators, Loan Modification, Loan Articles, Loan News