PHOENIX (AP) — Authorities say a Mesa man has pleaded guilty for his role in a mortgage fraud scheme.
Federal prosecutors say 33-year-old Jeffrey Todd Crandell pleaded guilty Monday to six counts of bank fraud and is scheduled to be sentenced Feb. 22.
Authorities say Crandell obtained the rights to various parcels of real estate in Queen Creek in 2005.
They say Crandell obscured his interest in those properties by placing them in the name of his brother-in-law.
Crandell also acted as the mortgage broker for each transaction, prepared fraudulent loan applications for the buyers and the properties eventually went into foreclosure.
He was arrested and indicted in the case in June 2008.
