Three South Carolinians have been sentenced by a federal judge after pleading guilty to bank fraud charges in schemes the government says defrauded federal programs intended to aid homeowners at risk of foreclosure and mortgage loan default.

Marvette Thompson Easterling, 54, of Gaffney; Keylon Wright, 40, of Simpsonville; and Joshua David Armato, 37, of Georgia recently admitted that they knowingly defrauded the Troubled Asset Relief Program program, according to a news release. U.S. District Judge Bruce Howe Hendricks ordered each defendant to a sentence of time served followed by five years of supervised release and the repayment of the stolen funds for the felony charges.

The cases were investigated by Special Inspector General for TARP, an independent law enforcement agency used to investigate allegations of fraud, waste and abuse related to the TARP bailout. Assistant U.S. Attorney Winston Marosek prosecuted the cases.

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