Weston Man Sentenced to 41 Months in Federal Prison for Participating in Mortgage Fraud Conspiracies

PHOENIX—Miko Dion Wady, 36, of Phoenix, Arizona, was sentenced late Monday by U.S. District Judge James A. Teilborg to nine years’ imprisonment and ordered to pay over $30 million in restitution and perform 250 hours of community service. Wady previously pleaded guilty to five counts of wire fraud and five counts of transactional money laundering. At sentencing Judge Teilborg also ordered that Wady forfeit numerous seized items, and the proceeds from the sale of additional seized items, inclu .... [More]