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Fairborn Man Sentenced In Mortgage Fraud Scam

POSTED: 7:54 am EDT March 27, 2008

A Fairborn business man will spend the next decade in prison for his role in a mortgage fraud scam.

Randall Davidson, 58, was sentenced in federal court on Wednesday. Prosecutors said Davidson ran a $20 million property-flipping scheme involving more than 300 southwest Ohio homes over a seven year span.

Investigators said Davidson and his collaborators defrauded federally insured banks by borrowing more money against properties than they were worth.

Davidson pleaded guilty last year to several charges.


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