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"Serial Fraudster" sentenced to two years in prison

Posted at 5:08 PM, Feb 04, 2021
and last updated 2021-02-04 17:08:00-05

GRAND RAPIDS, Mich. — Wavy Curtis Shain, 38, was sentenced to two years in prison for mail fraud. Shain pleaded guilty in 2020 and must pay over $20,000 in restitution accompanied by a $40,000 fine.

Shain’s sentencing was announced by U.S. Attorney Andre Birge today, his fine and restitution was ordered by Judge Janet T. Neff.

Previously, Shain was on supervised release for prior mortgage fraud but is certainly not new to this. He has received fraudulent loan documents, falsely authenticated forged signatures, and committed identity theft.

“The Court imposed a well-deserved sentence that reflects the seriousness and pattern of Shain’s financial crimes,” said U.S. Attorney Birge. “I commend law enforcement—including our federal partners in Kentucky—for their extraordinary efforts in investigating this case.”

The investigation was conducted by the U.S. Attorney’s Office for the Western District of Michigan, the Federal Bureau of Investigation, the U.S. Department of Health and Human Services, Office of Inspector General, and Blue Cross Blue Shield of Michigan. Agents from the IRS Criminal Investigation Division and the Federal Deposit Insurance Corporation, Office of Inspector General in Louisville, Kentucky provided assistance in the case. Assistant U.S. Attorney Adam B. Townshend represented the United States.