David Kostelec, Leawood real estate agent who operated under straw entities called Alexandra Enterprises and Hyde Park Development

Leawood real estate agent who operated under straw entities called Alexandra Enterprises and Hyde Park Development will go to federal prison for almost 13 years for his role in a $12 million home loan fraud scheme.David Kostelec, 53, pleaded guilty in October to federal prosecutors of obtaining home loans using phony loan documents and bogus appraisals and then laundering the proceeds in various bank accounts between 2002 and 2005.Kostelec also was ordered at his Monday sentencing to pay $1.3 million in restitution.The scheme involved looking up personal information of licensed appraisers and forging their signatures on loan documents to extract the loans.

David Kostelec, Leawood real estate agent who operated under straw entities called Alexandra Enterprises and Hyde Park Development

Leawood real estate agent who operated under straw entities called Alexandra Enterprises and Hyde Park Development will go to federal prison...

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