Alpharetta woman gets 11 years for mortgage fraud

Associated Press

Tuesday, November 11, 2008

A 40-year-old suburban Atlanta woman has been sentenced to more than 11 years in federal prison for her role in a multimillion dollar mortgage fraud scheme.

A federal jury in Atlanta found Adriene Newby-Allen of Alpharetta guilty in July of pocketing millions from fraudulently inflated mortgage loans to unqualified buyers from 2004 to 2006.

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One of those buyers was her husband, Brinson Allen, who was found guilty of fraud in July. His sentencing has not been set.

Newby-Allen was sentenced to 135 years in prison and five years of probation and must pay $5.3 million in restitution.



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