Home Oklahoma City Press Releases 2011 Broken Arrow Man Sentenced for Wire Fraud
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Broken Arrow Man Sentenced for Wire Fraud

U.S. Attorney’s Office January 12, 2011
  • Eastern District of Oklahoma (918) 684-5100

MUSKOGEE, OK—The Office of the United States Attorney for the Eastern District of Oklahoma, announced today that GERALD WAYNE SNOW, JR., a/k/a JERRY SNOW, age 41, of Broken Arrow, Oklahoma, was sentenced to 40 months’ imprisonment with 36 months of supervised release for conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349. JERRY SNOW was ordered to forfeit $2,560,397.87 to the United States.

Charges arose from an investigation by the Federal Bureau of Investigation. The Indictment, filed in August 2010, alleged that GERALD SNOW and his son, JERRY SNOW, built and sold houses in the Jordan Oaks and Megan Farms subdivisions of Wagoner County. GERALD SNOW conspired with his son and others to defraud mortgage lenders to loan money on homes sold by the SNOWs. The defendants solicited and induced buyers by promising to pay down payments, closing costs and provide cash back to the buyers after closing. In order to get the mortgage lenders to loan funds, the defendants conspired to submit false loan applications, falsely reported the source of down payments and closing costs, inflated the purchase prices of the homes and concealed the cash back payments to buyers.

The Honorable James H. Payne, United States District Judge for the Eastern District of Oklahoma, presided over the sentencing hearing. The defendant was ordered to report on February 9, 2011, to begin serving his term of incarceration in the United States Bureau of Prisons.

The United States was represented by Assistant United States Attorneys Douglas Horn and Christopher Wilson, under the supervision of Sanford C. Coats, United States Attorney for the Western District of Oklahoma. Mr. Coats was appointed to represent the United States after U.S. Attorney Mark F. Green recused to avoid the appearance of any impropriety as a result of his representation of a former client.

This law enforcement action is part of President Barack Obama’s Financial Fraud Enforcement Task Force.

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