Irvine Banker Sentenced to Over 5 Years for $5 Million Mortgage Scam

Irvine Banker Sentenced to Over 5 Years for $5 Million Mortgage Scam
U.S. Courthouse at 350 W. 1st Street in Los Angeles. Google Maps/Screenshot via The Epoch Times
City News Service
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LOS ANGELES—The owner of an Orange County mortgage firm was sentenced Oct. 30 to more than five years behind bars for fleecing an investor of more than $5 million in a fraudulent stock scheme.

Jacques Poujade, 63, of Irvine, was sentenced to 63 months in federal prison by U.S. District Judge Mark C. Scarsi, who also ordered him to pay nearly $6.2 million in restitution, according to the U.S. Attorney’s office.

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