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Orange County attorney Stephen Kenneth Chrysler was sentenced today (Oct. 9) to 37 months in prison and his mother, Aida Agusti Castro of Carlsbad, got a 33-month sentence. The two pulled an $8 million mortgage fraud involving homes in Oceanside, Escondido, San Marcos, Lakeside, and Menifee, according to the United States Attorney's office. The pair had been convicted of multiple counts of wire fraud in April. The mother-son duo used a number of ruses to get fraudulent loans funded, including creating phony businesses, inflating borrowers' monthly incomes, fabricating rental agreements, and altering borrowers' bank statements to inflate bank account balances.
Orange County attorney Stephen Kenneth Chrysler was sentenced today (Oct. 9) to 37 months in prison and his mother, Aida Agusti Castro of Carlsbad, got a 33-month sentence. The two pulled an $8 million mortgage fraud involving homes in Oceanside, Escondido, San Marcos, Lakeside, and Menifee, according to the United States Attorney's office. The pair had been convicted of multiple counts of wire fraud in April. The mother-son duo used a number of ruses to get fraudulent loans funded, including creating phony businesses, inflating borrowers' monthly incomes, fabricating rental agreements, and altering borrowers' bank statements to inflate bank account balances.