May 29, 2007
CANTON TOWNSHIP -- A man who told banks he had annual income of more than $1 million when in fact he was earning less than $25,000 on Social Security was sentenced to 56 months in prison in federal court today.
Scott Edward Ashley, 40, of Canton Township, pleaded guilty to mortgage fraud in November.
He admitted to using bogus documents to fraudulently obtain about $3.8 million in loans, the U.S. Attorney's Office said in a news release.
Ashley was also ordered to pay about $1.7 million in restitution.