Tuesday, August 5
IRVINE, Calif. (AP) — An Orange County employee of Fannie Mae has been sentenced to 15 months in federal prison for taking kickbacks from a real estate broker who sold properties on behalf of the mortgage giant.
The U.S. Attorney's office says 45-year-old Armando Granillo was also ordered Monday to spend six months in a residential re-entry center following his release from prison.
The Huntington Beach resident was convicted in March of three counts of "honest services" wire fraud.
Granillo worked in Fannie Mae's foreclosure sales office in Irvine and he had the authority to approve sale offers presented by brokers.
Federal prosecutors say Granillo was recorded asking a broker to pay him a percentage of the commissions the broker earned selling foreclosed properties.
Granillo was arrested during an undercover operation when he accepted the money.