(File photo. Credit: Robyn Beck/ AFP/ Getty Images)
By Michelle Durham
PHILADELPHIA (CBS) – A federal judge decided the fates of four men who previously pleaded guilty in connection with a multi-million dollar mortgage fraud scheme. Instead of the promise of paying rent until they could buy their homes back, the victims lost their homes all together.
Anthony DeMarco III, Michael Roberts, Sean McBride and Eric Bascove each received separate sentences. DeMarco’s sentence was the highest at 25 years, because he was the owner of DeMarco REI.
Assistant U.S. Attorney Karen Grigsby thought the sentences were appropriate, given the extent of the harm, but DeMarco’s attorney Christopher Warren disagrees.
“To some extent, my client was held responsible…almost a poster child for the excesses that lead to the mortgage crisis,” Warren says.
Carlene Cheesman’s mother was one of the victims, and she says the loss was more than monetary.
“They contributed to the death of our mother, Gloria Cheesman. They will never know what this has done to us,” Carlene says.
All the defendants have been ordered to pay restitution to the victims, whose homes prosecutors say were ultimately sold to others without their knowledge.
MOST VIEWED GALLERIES
- PHOTOS: Angelina Jolie Through The Years
- PHOTOS: Celebrity Infidelity Scandals
- PHOTOS: Celebrity Birthdays: May
- PHOTOS: Top 20 Most Hated Hollywood Celebrities
- PHOTOS: Celebrity Photobombs



Operation Brotherly Love: ...
Namaste: Yoga Poses For...
Too Quick To Tweet
Israel 65- Kidcast Photos
Rittenhouse Row Spring...
Stotesbury Cup Regatta-...
WIP Morning Show Intern...
Baseball Shots Of The Week –...
138th Preakness Stakes
Italian Market Festival
Celebrity Photobombs
GHI @Home - Copper Roofing
Students Protest Budget Cuts...
Barn, House Engulfed In Blaze...
2013 Stotesbury Cup Regatta







