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On January 1, 2010, in Riverside, Calif., David Richard Varner, of Hesperia, Ca, was sentenced to 156 months in prison for defrauding the USA Section of Homes and Elegant Growth and personal lenders by fraudulently acquiring hundreds of federally insured loans and promoting individuals mortgages to private creditors in a system that caused hundreds of millions of dollars in losses for the federal housing organization.
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