Conviction for Defrauding Lenders Affirmed

In US v. McKanry, No. 10-1027, the court affirmed defendant’s conviction and sentence for conspiring to defraud lenders, lying to a U.S. postal worker, mail fraud, and wire fraud where 1) it was reasonable for the jury to convict defendant of conspiracy to commit mail and wire fraud; 2) a reasonable jury could infer defendant, an experienced real estate professional, was aware these bogus payouts were meant to deceive the lenders; and 3) the district court did not err by basing its loss calculation upon the fraudulent transactions for which defendant was acquitted or not charged.

 

Related Resources

  • Read the Eighth Circuit’s Decision in US v. McKanry, No. 10-1027

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