South Bend (IN) man sentenced in mortgage fraud case

David Capp, United States Attorney for the Northern District of Indiana announced that Michael Sheneman (pictured below), 59, of South Bend, Indiana, was sentenced by Judge Jon DeGuilio to 97 months imprisonment, $269,967.50 in restitution, and 3 years of supervised release after being found guilty at trial of counts one through four of an Indictment charging him with wire fraud in a scheme to defraud real estate buyers and lenders and to obtain money by materially false and fraudulent acts, representations and omissions.

Click here for previously article on this matter involving a Civil law suit.

These charges were filed as the result of an investigation by the Northern Indiana Bankruptcy Fraud Working Group. The members of the Northern Indiana Bankruptcy Fraud Working Group include representatives of the United States Attorney’s Office for the Northern District of Indiana; Office of the United States Trustee for Indiana and Central Illinois and Southern Illinois (Region 10); Federal Bureau of Investigation; Internal Revenue Service; United States Postal Inspection Service; and Social Security Administration, among others. The U.S. Trustee Program is the component of the Justice Department that protects the integrity of the bankruptcy system by overseeing case administration and litigating to enforce the bankruptcy laws. This case was prosecuted by Assistant United States Attorneys Barbara Brook and Jesse Barrett.