U.S. Attorney Thomas Walker announced that Mark Henry Tkac, of Raleigh, N.C., was sentenced to 42 months in prison, followed by five years of supervised release, on a charge of conspiracy to commit mail, wire and bank fraud. Chief U.S. District Judge James Dever, III, also ordered Tkac to pay $1.6 million in restitution.
“This case reaffirms the commitment of this office to hold accountable those who knowingly used their expertise in the real estate industry for their own fraudulent gain in the midst of the mortgage bubble of the 2000s,” said Assistant U.S. Attorney William Gilmore. “I commend the Internal Revenue Service (IRS)-Criminal Investigation for its perseverance to see these offenders brought to justice, despite the passage of time since the height of the mortgage crisis.”
TO READ THE FULL STORY
Cover Story: