The 6th U.S. Circuit Court of Appeals in Cincinnati has ordered a new trial for Bernard Kurlemann, a homebuilder convicted in a 3.5 million dollar mortgage fraud scheme.
A three-judge panel reversed his November 2010 conviction on on charges of making false statements, but upheld other convictions involving bankruptcy fraud. Prosecutors say Kurlemann submitted false information on loan documents regarding down payments that were never made. The court says Kurlemann's actions amount to concealment. He is serving four years in prison.