Fenton defendant in mortgage fraud case sentenced - KCTV5

Fenton defendant in mortgage fraud case sentenced

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DETROIT (AP) -

A key defendant in a case involving wide-ranging mortgage fraud with losses around $100 million has been sentenced to 13 years in prison.

The U.S. attorney's office in Detroit says 45-year-old Ronnie Duke of Fenton also was ordered Monday to pay a $1 million fine and $94 million in restitution.

The Detroit News reports Duke told a federal judge that he had "no one to blame" for his "own greed and stupidity" that led him to turn to mortgage fraud. Duke spoke of a life "so reckless" that led him to spend money on hot rods, sports cars and a helicopter.

Authorities say the fraud lasted four years until summer 2007 and involved more than 450 loans and 100 straw buyers. Fifteen others previously have been sentenced in the case.

Copyright 2013 Associated Press. All rights reserved.

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