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A mortgage broker from America’s South Philadelphia has been sentenced to more than 12 years in prison and fined more than US$5 million (A$6.3 million) after being found guilty of fraud and murder-for-hire.
Mahn Huu “Bruce” Doan was found guilty of 195 fraudulent real estate transactions where he borrowed or used fictitious identities, The Philadelphia Inquirer reported Wednesday.
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Almost every loan was in or due to be in foreclosure, the prosecutors found, with losses likely to exceed US$6 million (A$7.5 million).
In an uncanny revelation, Mr Doan was also found to have tried to hire a hit man to kill two persons and maim a third – two plaintiffs who were suing Mr Doan as well as a lawyer.
The plot backfired when it turned out the man Mr Doan was trying to hire was a cooperating federal witness who secretly recorded their conversations.
