“Serial fraudster” sentenced to two years in prison for conspiracy of mail fraud | USAO-WDMI
GRAND RAPIDS, MICHIGAN –U.S. Lawyer Andrew Birge today announced that Wavy Curtis Shain, 38, of La Grange, Ky., Has been sentenced to 24 months in federal prison for conspiring to commit mail fraud. Shain pleaded guilty to the charge in September 2020. US District Judge Janet T. Neff also ordered Shain to pay $ 23,373.92 in restitution and fined him $ 40,000.
In 2017, Shain was on probation on a previous federal mortgage fraud conviction when he conspired with an individual in the Western District of Michigan (“Person A”) to fraudulently obtain loans for an Okemos-based health care provider. , Advanced Medical Services, PLLC (d / b / a Advanced Sleep Diagnostics of Michigan). Shain received fraudulent loan documents from Person A, completed and signed on behalf of another person (“Person B”). Person B would personally guarantee the loans. Shain then sent the fraudulent loan documents to out-of-state lenders. Person B did not know that his identity was being used to obtain these business loans.
In May 2018, during the Person A investigation, Shain lied to the FBI and claimed he had no role in loan applications. At the time, however, Shain was using Person B’s identity in another loan fraud scheme. Upon conviction, Judge Neff described Shain as a “serial fraudster” and described crimes involving identity theft as “horrific offenses against an individual”.
“The court imposed a well-deserved sentence that reflects the gravity and pattern of Shain’s financial crimes,” said US prosecutor Birge. “I commend law enforcement, including our federal partners in Kentucky, for their extraordinary efforts in investigating this matter.”
The investigation was conducted by the United States Attorney’s Office for the Western District of Michigan, the Federal Bureau of Investigation, the United States Department of Health and Human Services, the Office of the Inspector General and Blue Cross Blue Michigan Shield. Agents from the Criminal Investigations Division of the IRS and the Federal Deposit Insurance Corporation, Office of the Inspector General in Louisville, Kentucky, provided substantial and valuable assistance in this matter. US Deputy Prosecutor Adam B. Townshend represented the United States.