{Louisville, Kentucky}...Stephen C. Netherton, a man already serving jail time for defrauding investors, has been sentenced in federal court in Louisville to another two years in prison for conspiring to defraud banks and mortgage lenders. Netherton pleaded guilty March 30th of devising a scheme in which fraudulent mortgage loan information was used to buy 19 properties in Louisville, Kentucky and Jeffersonville, Indiana. Netherton was sentenced Friday and also ordered to pay $870,000 in restitution. U.S. District Judge Charles R. Simpson III ordered his time to run concurrently with a five-year state term he is serving for defrauding 14 investors out of more than $250,000.
