A Sacramento man was found guilty Thursday following a six-day trial in federal court in Sacramento for conspiring to commit mortgage fraud, with false cash-back, no-money-down promises. [United States v. Williams, No. 2:08-CR-0376-WBS]
The trial found Leonard E. Williams, 52, of Sacramento, from 2006 to 2008 conspired in mortgage fraud that led to more than $2 million in home loans being made, many of which defaulted, said a news release from the court. [Note: This must mean news release from US Attorney's office.]
Williams was ordered remanded into custody and is scheduled to be sentenced Oct. 27.