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'via Blog this'Former Hilliard Councilmember Sentenced Out of Mortgage Scheme
COLUMBUS -- A former Hilliard City Council member, Daniel Nichter, has been sentenced to prison after being charged with 48 counts of fraud tied to faked real estate appraisals.
Daniel Nichter was arrested at his Hilliard home back in 2010, after a Franklin County grand jury indicted him.
The Mortgage Fraud Task force had been investigating him for months.
Prosecutor Ron O'Brien says Nichter used other people's licenses and ID's using their signatures without their knowledge to appraise at least 23 properties.
Banks made loans on the basis of overvalued homes costing more than $3 million.
That caused many property owners to be upside down in their mortgages.
In court, two of the victims testified that Nichter ruined their reputations, and they did nothing wrong.
He could have been sentenced to 50 years in prison.
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