Ex-mortgage CEO sentenced to prison for $3B fraud
The CEO of what had been one of the nation's largest privately held mortgage lenders was sentenced Tuesday to more than three years in prison for his role in a $3 billion scheme that officials called one of the biggest corporate frauds in U.S. history.
The 40-month sentence for Paul R. Allen, 55, of Oakton, Va., is slightly less than the six-year term sought by federal prosecutors.
"I messed up. I messed up big," Allen told U.S. District Judge Leonie Brinkema before he was sentenced, apologizing to his family and "the entire financial community. "There was no excuse for my behavior."
http://www.google.com/hostednews/ap/article/ALeqM5jDicS3RORnxvpz6gGB0jmrbBotTA?docId=7c25a94d5bb644a1b9ae2af47363519d Homeless man gets 15 years for stealing $100
A homeless man robbed a Louisiana bank and took a $100 bill. After feeling remorseful, he surrendered to police the next day. The judge sentenced him to 15 years in prison.
Roy Brown, 54, robbed the Capital One bank in Shreveport, Louisiana in December 2007. He approached the teller with one of his hands under his jacket and told her that it was a robbery.
The teller handed Brown three stacks of bill but he only took a single $100 bill and returned the remaining money back to her. He said that he was homeless and hungry and left the bank.
The next day he surrendered to the police voluntarily and told them that his mother didn’t raise him that way.
Brown told the police he needed the money to stay at the detox center and had no other place to stay and was hungry.
http://www.digitaljournal.com/article/265402#ixzz1QARuaboM Justice?
