Five Sentenced In Central Oregon Bank Fraud Scheme

Five people have been sentenced in one of the biggest fraud cases arising from the Central Oregon real estate boom and bust of the early 2000s. Prosecutors say the defendants were part of a scheme revolving around Desert Sun Development that used falsified applications to raise $19 million from lenders. Loan proceeds then went for personal use - cars and boats, for example - and the projects languished. The Bend Bulletin reported (http://bit.ly/1eaBq9x) the former president of Desert Sun, Tyler Fitzsimons, was sentenced to more than 7 years. Others sentenced this week in federal court in Eugene: Bend residents Jeffrey Sprague, 46 months, and Shaun Little, five years of probation; Washington state resident Jeremy Kendall, 18 months; and Teresa Ausbrooks of New Mexico, 366 days.

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