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SALT LAKE CITY (AP) -- A Moab businessman has been convicted of wire fraud and money laundering in a mortgage fraud case.
After a four-day trial, Jerry C. Huff, 50, was convicted on Friday by a U.S. District Court jury of one count of wire fraud, two counts of money laundering and two counts of failure to file income tax returns for 2002 and 2003.
Prosecutors say Huff lied to get a $250,000 second mortgage on a construction project.
Huff is scheduled for sentencing on Aug. 21 by U.S. District Judge Ted Stewart.
Huff was one of more than 400 people charged as part of a nationwide crackdown called "Operation Malicious Mortgage" that was announced last year by the U.S. Justice Department.
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Information from: The Salt Lake Tribune
(Copyright 2009 by The Associated Press. All Rights Reserved.)
