Albuquerque Real Estate Agent Sentenced to 56 Months in Prison for Federal Mortgage Fraud Conviction

ALBUQUERQUE, NM – September 26, 2011 – (RealEstateRama) — United States Attorney Kenneth J. Gonzales announced that, on September 13, 2011, a United States District Judge sentenced Albuquerque real estate agent Kevin Powers, 51, to a 56-month term of imprisonment for his conviction on 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions. Powers will be on supervised release for three years after he completes his prison sentence