New York man sentenced in Bangor for bank fraud conspiracy tied to Eddington marijuana grow
Yongliang Deng, 35, was sentenced to time served and five years of supervised release after admitting he helped obtain a Maine mortgage on a property he never occupied, according to federal prosecutors.
A New York man was sentenced Monday in U.S. District Court in Bangor for conspiring to commit bank fraud, the U.S. Attorney's Office for the District of Maine said.
U.S. District Judge John A. Woodcock Jr. sentenced Yongliang Deng, 35, to time served — approximately one day — in prison, followed by five years of supervised release, prosecutors said. Deng was also ordered to pay restitution. He pleaded guilty Jan. 21.
According to court records cited by prosecutors, Deng provided his personal information and government-issued identification documents to a co-defendant, who used them to apply for and obtain a residential mortgage loan from a Maine bank to buy a home in Eddington. Prosecutors said Deng obtained the mortgage by misrepresenting that he would occupy the property as his primary residence.
In an interview with federal agents, Deng admitted the Eddington property was an investment property that had been rented out and that he had never lived there, prosecutors said. The property was instead used to illegally cultivate marijuana, according to the U.S. Attorney's office, which said neither Deng nor any property associated with the conspiracy was licensed through the Maine Office of Cannabis Policy.
The office said Deng fraudulently obtained $171,200 in mortgage loan funding.
The FBI, the U.S. Drug Enforcement Administration, Homeland Security Investigations and IRS-Criminal Investigation conducted the investigation, with assistance from the Penobscot County Sheriff's Office and the Maine Fire Marshal's Office. Prosecutors said the case was brought as part of the federal Homeland Security Task Force initiative.
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