Saturday, October 9, 2004
© Copyright 2013
Clayton News Daily
By Ed Brock
A former Lithonia attorney has been sentenced in federal court to two years and nine months in prison for mortgage fraud, based in part on a sting operation that took place in Clayton County.
On June 16 Jerry Wayne Frazier, 46, pleaded guilty to conspiracy to commit bank, wire and bankruptcy fraud, identity theft and money laundering, according to the U.S. Attorney's Office in Atlanta. In his sentencing in United States District Court in Atlanta on Wednesday Frazier also received three years of supervised release following his prison sentence and was ordered to pay $593,337 in restitution.
According to the charges, between April and September of 1998 Frazier and other co-conspirators were involved in a complex fraud scheme in which they purchased properties under false terms, resold them.
The Georgia Bureau of Investigation and the Clayton County District Attorney's Office cooperated in the sting operation in September 1998 that led to Frazier's arrest, Assistant U.S. Attorney Gale McKenzie said.
"They did an excellent job," McKenzie said.