BUFFALO, NY (WKBW) -
An East Aurora Man was sentenced today to 31 months in prison after being convicted for money laundering.
According to attorneys, 46-year-old John Sorrentino used fraudulent loan applications to persuade five banks in both Arizona and right here in Western New York to lend him large sums of money.
Then, Sorrentino used a filtered the money from the loans into a down payment for an East Aurora home.
In applying for the mortgage, he provided false information regarding his salary, employer, and address.
Sorrentino also used a fraudulent loan application to obtain a mortgage and home equity line of credit on a property in Arizona.
As part of pleading guilty, his East Aurora home will be forfeited to the Government in addition to the computers used to facilitate the unlawful activity and a truck that was also purchased with the illegal funds.