Residents of Elk Grove and Citrus Heights were sentenced Thursday in federal court in Sacramento for their roles in separate mortgage fraud schemes.
U.S. District Judge Morrison C. England Jr. sentenced Sean McClendon, 49, of Elk Grove to one year and eight months in prison. McClendon pleaded guilty in October 2012 to a conspiracy to commit mail fraud for his involvement in a Sacramento-area mortgage fraud scheme with Anthony Salcedo and Anthony Williams.
According to court documents, McClendon and Williams recruited straw buyers to purchase four properties owned by Salcedo or his associates using kickbacks, false financial information for the buyers and payments outside escrow. All properties involved were foreclosed by the lenders, resulting in losses of more than $1 million, authorities said.
A jury in June found Salcedo guilty of four counts of mail fraud and one count of conspiracy to commit mail fraud. He is to be sentenced Nov. 12.
Williams was sentenced in January to two years and nine months in prison.
In the second case, Judge England sentenced Valeri Kalyuzhnyy, 44, of Citrus Heights to two years in prison.
Kalyuzhnyy pleaded guilty in June to making false statements on a loan application.
According to court documents, Kalyuzhnyy, while working as a mortgage broker, bought two homes using the credit information of a straw buyer. The loan applications used to secure the properties contained numerous false statements regarding the buyer’s employer, occupation, monthly income and intent to occupy the property. To support the inflated monthly income listed on the loan application, fraudulent tax returns were submitted. In July 2007, authorities said, Kalyuzhnyy gave the straw buyer a check for $29,000.