Poland man gets federal sentence in mortgage-fraud scheme

CLEVELAND — A federal judge has placed a local defendant in a major mortgage-fraud case involving 48 Mahoning Valley houses on three years’ probation, with the first eight months under house arrest.

U.S. District Judge Patricia A. Gaughan today also ordered William Helbley of Poland to perform 50 hours of community service and to contribute 10 percent of his gross monthly income toward $381,827 in restitution he and several other defendants are jointly responsible for.

Helbley had earlier pleaded guilty to one count of conspiracy to commit wire fraud in what federal prosecutors said was a complex investment scheme involving falsely-inflated appraisals and more than $7.5 million in mortgage loans.

Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.