Fourth person sentenced in house-flipping scheme
Wednesday, August 21, 2013 4:27 PM
Paul Kramer, of Granger, was sentenced by Chief U.S. District Judge James Gritzner to 90 months in prison for wire fraud, bank fraud and conspiracy. Kramer also was sentenced to five years of supervised release after serving time in federal prison, according to a news release from U. S. Attorney Nicholas Klinefeldt. Kramer and three others were accused of using a mortgage company and a real estate closing company to defraud multiple lenders out of more than $1 million. Click herefor a related story in the Business Record.