A suspended Oregon CPA has been sentenced to one year and one day in federal prison and ordered to pay restitution of $288,171 after he pleaded guilty in a fraud case.
Morton Daniel Bohn, 69, of Tigard, Ore., was sentenced Tuesday after he admitted guilt on federal charges of bank fraud and money laundering. A former CPA whose license has been suspended by the Oregon Board of Accountancy, Bohn previously admitted guilt in a scheme to defraud Countrywide Financial Corp. and Silver Falls Bank (see Suspended CPA Pleads Guilty in Mortgage Scheme).
He admitted to using his financial expertise as an accountant to defraud Countrywide and Silver Falls Bank of funds by fabricating and submitting fraudulent individual income tax returns, between the years of 2003 and 2007, to his mortgage broker in support of applications to the financial institutions.
The Silver Falls Bank has since been closed by the Federal Deposit Insurance Corporation. This investigation was conducted by the Internal Revenue Services Criminal Investigation division and was prosecuted by Assistant U.S. Attorney Craig J. Gabriel.
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