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Bend Mortgage Broker Sentenced for Fraud


A federal court judge sentenced a Bend mortgage broker to 15 months in prison for mortgage and health care fraud.  Del Barber, Junior, 46, was also ordered to pay his victims back more than $200,000. The Department of Justice says in November of 2009, Barber and 12 others were indicted on bank and loan fraud charges in connection with the collapse of "Desert Sun Development" headquartered in Bend. The indictments say Barber and others caused financial institutions to lose more than $19 million on bad loans.  Barber is the first of several defendants who have pled guilty in the case to be sentenced.   The case was investigated by the FBI, the IRS and the Oregon Division of Finance and Corporate Securities.

 

 

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