Wayne Puff given 18 years and ordered to pay over $100 million restitution
Mortgage Fraud News From MortgageFraud.org
Wayne Puff, the ringleader of a massive Ponzi scheme which defrauded hundreds of investors and mortgage lenders of more than $100 million through a purported real estate investment business, was sentenced to 216 months in federal prison today,
U.S. District Judge Jose L. Linares also ordered Puff, 61, of Old Bridge, to pay approximately $101.1 million in restitution and to serve 3 years of supervised release upon the completion of his prison term.
Source: Daily Mortgage Fraud News