Loan officer gets prison time in federal mortgage fraud case

A Southern Nevada loan officer was sentenced to 57 months in federal prison Friday in a $1 million family-run mortgage fraud scheme.

Lance Kellow, 37, of Henderson, also was ordered to pay $834,000 in restitution, federal prosecutors announced Monday.

Kellow was convicted in March 2013 of one count of conspiracy to commit mail and wire fraud, three counts of wire fraud, and one count of bank fraud.

Kellow, who is to surrender to federal prison authorities June 5, and his brothers, Jason and Vince, lied to mortgage lenders to get real estate and money for their own use, prosecutors alleged in the case.

Jason Kellow pleaded guilty in the scheme and was sentenced to 33 months in prison and ordered to pay $1 million in restitution. Vinson Kellow pleaded guilty in and was sentenced to seven months behind bars.

The case was investigated by the FBI.


Comment section guidelines

The below comment section contains thoughts and opinions from users that in no way represent the views of the Las Vegas Review-Journal or GateHouse Media. This public platform is intended to provide a forum for users of reviewjournal.com to share ideas, express thoughtful opinions and carry the conversation beyond the article. Users must follow the guidelines under our Commenting Policy and are encouraged to use the moderation tools to help maintain civility and keep discussions on topic.