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Glenn Steven Rosofsky was sentenced today to 63 months in prison for his role in a loan modification scam, according to the U.S. attorney's office. He pleaded guilty to charges of wire fraud, money laundering, and filing false tax returns. Rosofsky and Michael Trap (who previously pleaded guilty) operated a loan modification business under the names "National Housing Modification Center" and "Federal Housing Modification Department." Rosofsky admitted he falsely told customers that he had attorneys and forensic accountants on staff and that the operation was based on "Capitol Hill" in Washington. The judge has ordered him to pay $457,000 in restitution to victims.
Glenn Steven Rosofsky was sentenced today to 63 months in prison for his role in a loan modification scam, according to the U.S. attorney's office. He pleaded guilty to charges of wire fraud, money laundering, and filing false tax returns. Rosofsky and Michael Trap (who previously pleaded guilty) operated a loan modification business under the names "National Housing Modification Center" and "Federal Housing Modification Department." Rosofsky admitted he falsely told customers that he had attorneys and forensic accountants on staff and that the operation was based on "Capitol Hill" in Washington. The judge has ordered him to pay $457,000 in restitution to victims.