Richmond Times-Dispatch
Email Facebook Twitter YouTube Mobile RSS
|
 
NewsNews

Woman gets 45 months in mortgage fraud

»  Comments | Post a Comment

A former Richmond-area branch manager for a mortgage firm was sentenced this afternoon to 45 months in prison for defrauding mortgage companies and investors in a complicated, long-running scheme.


U.S. District Judge Richard L. Williams also ordered Stacey Lynn Chamberlain, 42, of Unionville, to pay more than $1.2 million in restitution and refused to let her turn herself in to begin serving her sentence at the end of August.


Chamberlain had not been in custody before yesterday, but Williams was clearly fed up. "I'm not going to give you any further opportunity to mess up the system," Williams told Chamberlain.


He told her lawyer, Mary Maguire, that, "your client has gotten by with everything she has ever gotten by with . . . I want her to experience as close to a slap between the eyes," as is possible.


Chamberlain pleaded guilty in May to one count of bank fraud and one count of wire fraud and was facing a sentence ranging from 41 to 51 months. The terms of her plea agreement called for the 45 months that Williams imposed.


She was indicted in March with bank fraud, 18 counts of wire fraud and interstate transportation of money taken by fraud.

Terms and Conditions

Advertisement

 
 

Advertisement

Reader Comments

*Facebook Account Required to Comment. If you are not already logged into Facebook, please click the comment button to do so.

Deal of the Day

Advertisement

VCU Rams' Gear

VCU Rams' Gear 300px

Get all your Rams' gear right here.

Advertisement

Daily Email Newsletter

daily update 2

Get the morning's top headlines delivered directly to your inbox every morning. Sign up now!

 
 

Most Popular

  • 1.UPDATE: Police identify Louisa woman killed in crash on I-64
  • 2.Voting rights: Take a deep breath
  • 3.Marshall: Gay sex 'cuts your life by about 20 years'
  • 4.Police checkpoint in Henrico yields dozens of violations
  • 5.Thorne-Begland case enters GOP U.S. Senate debate

Purchase RTD Photos

Columbus' ships sail into Richmond
Columbus' ships sail into Richmond
Close Title
 

Advertisement

Media General
KewlBoxBoxerJam: Games & Puzzles
Games, Puzzles & Trivia
Blockdot: Advergaming and Branded Media
Advergaming and Branded Media

MyYahoo!