Former loan broker John M. Rubischko of Eagan, Minnesota, was sentenced in federal court on counts of wire fraud and aggravated identity theft in connection with a mortgage fraud scheme resulting in losses of more than $1 million. U.S. District Court Judge Donovan Frank sentenced Rubischko to 87 months in prison and five years' supervised release. Rubischko was charged on June 16, 2008, and pleaded guilty on June 27, 2008. Rubischko was a mortgage broker who owned and operated licensed mortgage broker businesses, including Family First Mortgage, All Fund Mortgage and MortgageBanc.
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