A former mortgage lender has been sentenced to 30 months in federal prison on wire fraud charges.
48-year-old Christopher Schaller of Rochester pleaded guilty in 2020 to using his position at Diamond Residential Mortgage in Springfield to defraud customers and enrich himself. The judge in the case found that Schaller was in a position of trust, worked in a supervisory position, and used “sophisticated means” to conduct the wire fraud.
In addition to the time behind bars, Schaller was also ordered to pay more than $61,000 in restitution. However, his former employer, Diamond Residential, earlier entered into an agreement with the state to pay more than $1.2 million to settle all pending claims.
