News Nearby: Canton Man Imprisoned, Ordered to Pay $1 Million for Mail Fraud

A Canton Township man was sentenced in federal court to five years of imprisonment on his convictions for mail fraud, U.S. Attorney David J.
Hickton announced recently.

Harry Anthony was also ordered to pay more than $1,000,000 in restitution to
the numerous victims of his fraud schemes.

Senior U.S. District Judge Maurice Cohill imposed the sentence on Anthony, 42, of 2279 Cornelia Street.

According to information presented to the court, Anthony operated a closing company, a mortgage brokerage company, and a construction company.

Anthony submitted loan applications to lenders in his own name and in the names of others that contained material misrepresentations related to the applicants’ income. Anthony further submitted forged documents, deposited forged checks into an account he controlled, and, as part of the loan closing, caused payments to his construction company that were falsely represented to the lenders to be for construction costs or maintenance and repair expenses.

Anthony was also an insurance agent who sold annuities to his clients. To generate commission payments, Anthony convinced his clients to sell their annuities prior to their maturity dates and purchase different annuities. To induce his clients to sell their annuities, Anthony falsely representing to them that they would not incur surrender charges when they sold their annuities prior
to their maturity dates.

In fact, however, the clients did incur surrender charges.

Anthony also made false representations to the insurance companies selling the annuities so that those companies would approve the transactions.