News 4 Investigates: Mortgage scammer Jonathan Herbert heads to - KMOV.com

News 4 Investigates: Mortgage scammer Jonathan Herbert heads to prison

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After defrauding 247 homeowners in a mortgage scam and raking in $750,000, Jonathan Herbert has been sentenced to 11 years in prison.

Homeowners who struggled to pay their mortgages thought The Federal Mortgage Marketplace (FMM) was a non-profit federal program designed to help struggling homeowners.

According to federal investigators, every aspect of the FMM operation was a lie and Herbert was stealing the payments from hundreds of customers, many of whom ended up losing their homes.

Herbert is a felon convicted of cocaine possession, grand theft auto and weapons violations.

A Florida attorney said it is possible that most of the money Herbert stole from homeowners went to fuel a drug habit, leaving little money left for the victims of Herbert's scams.

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