Former County Doctor Gets Jail Term In Scam
PITTSBURGH (AP) - A former physician from Pittsburgh has been sentenced to 41 months in prison for participating in a lending scam that prosecutors say cost banks between $400,000 and $1 million.
Federal prosecutors say 52-yearold Brian Tray and others inflated the sales price and values of homes to convince banks to approve larger loans than needed. He was sentenced on bank fraud, wire fraud and conspiracy charges Friday in U.S. District Court in Pittsburgh.
Tray was a loan officer for several companies, including America's Mortgage Outlet in Monroeville.
William Edgar, who operated America's Mortgage Outlet, is serving a 37-month prison term for running the scam.
Court records show Pennsylvania suspended Tray's medical license in 2000.
Tray lived in Fulton County and practiced obstetrics and gynecology here between January 1994 and April 1996.