Yet, no jail time for the banksters….
A bookkeeper who failed to report mortgage fraud was sentenced to two years’ probation, with six months to be served on home confinement, for his conviction for concealing massive financial institution fraud.
Ignacio Huergo was also ordered to pay restitution in the amount of $736,254.25 to M&T Bank.
Assistant U.S. Attorney Trini Ross, who is handling the case, stated that Huergo worked for the companies of Frank Garcia, Federal Guaranty Mortgage CompanyandGuaranty Realty and Investment as a bookkeeper and tax preparer between 2006 and 2008.