Friday, Feb. 4, 2011 | 4:03 p.m.
District Court Judge Linda Bell sentenced a 56-year-old man to six months in the Clark County Detention Center in connection with an equity skimming case, Nevada Attorney General Catherine Cortez Masto said today.
Thomas Gentile, who conspired to defraud a local couple of the equity in their home, pled guilty to one count of theft/obtaining money in excess of $2500. The charge stemmed from his involvement in a scheme to fraudulently obtain a mortgage loan against a property owned by Gentile’s former employer without his knowledge or consent. The victims are both over age 60.
Gentile was sentenced to two to six years in prison, but that sentence was suspended and he was ordered instead to spend six months in county jail.
“It is appropriate that an individual who took advantage of an elderly couple in such an egregious fashion is being brought to justice,“ Masto said.
A co-defendant was given probation for his part in the crime. He avoided jail by paying a significant amount of restitution to the victims, including the homeowners and the hard money lenders who provided the money for the loan.