HYANNIS — A former real estate attorney and his wife, both from Hyannis Port, were sentenced in federal court in Boston Thursday in connection with various mortgage fraud schemes, including not paying off mortgages for clients who refinanced their home loans.
Barry Wayne Plunkett Jr., 62, was sentenced to 78 months in prison and five years of supervised release, according to a press release from the U.S. Attorney Rachael S. Rollins’ office, which prosecuted the case.
Plunkett was also ordered to pay restitution of $3.2 million and to forfeit another $3.2 million.
Earlier: Hyannisport couple indicted on fraud charges
Nancy Plunkett, 57, was sentenced to one year and one day in prison and five years of supervised release. She was also ordered to pay restitution of more than $3 million both together and separately with Barry Plunkett, and to forfeit $3.2 million.
The sentences were imposed by U.S. Senior District Court Judge Mark L. Wolf. The Plunketts were indicted in July 2020.
Compensation for victims
A spokesperson from Rollins’ office said private homeowner victims were compensated by a title insurance company. The restitution ordered at sentencing is for entities which had not yet been compensated.
Along with the title insurance company, which is owed approximately $1 million, these entities also include Quickenloans and Velocity, which together are owed approximately $2 million.
On March 4, the couple pleaded guilty to five counts of bank fraud. Barry Plunkett also…
