The Real Deal Miami

Delray Beach mortgage broker sentenced

December 19, 2008 03:00PM

John Mohan, a Delray Beach mortgage broker, was sentenced today to 33
months in prison for a wire-fraud operation that took more than $1.2
million from clients. Mohan, 33, collected money from buyers and
lenders and told them it was being held for various uses, including the
payment of pre-existing mortgages. But Mohan actually kept the money
for personal uses and investments.