Sean Patrick Gjerde of Elk Grove was sentenced in September 2013 to 21/2 years in federal prison for conspiring to commit mortgage fraud and making false statements in loan applications, according to the U.S. Attorney’s Office in Sacramento.
Gjerde was accused of participating in a mortgage fraud scheme by providing false income verifications. According to court documents, he was hired by Hoda Samuel, the owner and operator of Liberty Real Estate & Investment Co., a real estate agency, and Liberty Mortgage Co., a mortgage brokerage business. Samuel was convicted and sentenced to 10 years in prison, and eight other people also were charged in the scheme.
According to Gjerde’s plea agreement, Gjerde wrote letters for Liberty clients falsely verifying their employment and claiming he had prepared their tax returns for years. Gjerde admitted to writing approximately 20 fraudulent letters.
Federal authorities said that as of April 2012, 18 cases against Gjerde were pending before the California State Bar Court. They involved allegations of misconduct and were not related to the federal mortgage fraud charges. According to the State Bar of California website, Gjerde was disbarred in May of this year.
An online roster of federal inmates shows that Gjerde, now 38 years old, is incarcerated at the Federal Correctional Institution in Sheridan, Ore. He is to be released June 1, 2015.