Denver: Nigerian man gets 30 years for mortgage fraud
DENVER – A Nigerian national who admitted masterminding a multimillion-dollar mortgage fraud operation in Colorado has been sentenced to 30 years in prison.
An Adams County judge sentenced 45-year-old Uto Essien after he was convicted of four felony counts of forgery, theft and racketeering. State authorities announced the sentence Friday and said that Essien will be deported after completing his sentence.
Essien and nine others fraudulently obtained $10.9 million in mortgages to buy 34 properties around Denver between 2004 and 2006. Then Essien set up bogus home-improvement companies to siphon more than $1 million from 19 mortgage lenders. Nine others have been convicted in the scheme.