HUD official and real estate company owner sentenced for bribery scheme.
HUD Official and Realtor Imprisoned for Bribery Scheme
A former official at the Department of Housing and Urban Development (HUD) and the owner of a real estate company were sentenced for participating in a bribery scheme. The owner of the real estate company, Mr. Kailani, paid bribes to Karen Christensen, a Government employee totaling $80,300, including a BMW automobile. In return, Ms. Christensen sold Mr. Kailani 20 HUD properties for one-third of their appraised value. Mr. Kailani paid HUD $700,000 for the properties, which were appraised at $2.1 million. Mr. Kailani resold the HUD properties for $2.2 million. HUD paid Mr. Kailani $48,750 in real estate broker’s commissions in connection with these transactions. Ms. Christensen was sentenced to 24 months imprisonment, followed by 3 years probation, and was ordered to pay $1.4 million in restitution. U.S. v. Christensen, Cr. No. 99-1252 (C.D. Cal. 2000). Mr. Kailani was sentenced to 27 months imprisonment, followed by 3 years probation, and was ordered to pay $1.4 million in restitution. U.S. v. Kailani, Cr. No. 99-1253 (C.D. Cal. 2000). (Many thanks to the Federal Ethics Report for information about this case.)
July 03 2007 08:24 pm | Bribes
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