Jail terms for mortgage scammers

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Three schemers in a $37 million mortgage fraud centered around South Beach luxury condos received prison terms from a federal judge last week. Former mortgage broker Richard Crowder II, the owner of America’s Best Mortgage Services in Coconut Creek, received a nine-year prison term. He was accused of luring buyers in a fraudulent no-money-down financing scheme to purchase 17 condos in Continuum on South Beach and at the Point of Aventura.  His accomplices, the owner of Deerfield Beach-based Four Star Title and a former Wachovia loan officer, were sentenced to 46 months and 50 months, respectively.

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