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Michael Anthony Baker, 31, Houston, Texas, the ringleader of a mortgage fraud scheme, was sentenced by Chief U.S. District Judge Sidney A. Fitzwater to 180 months in prison for his involvement in defrauding and obtaining money from lending institutions by using straw buyers to purchase homes and submitting false/fraudulent documents to lenders.
Baker, who pleaded guilty in August 2011 to one count of wire fraud and one count of money laundering, was also ordered to pay $7,546,739 in restitution. He must surrender to the Bureau of Prisons by April 10, 2012.
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