LOS ANGELES — A Southern California con man who took homeowners for more than $10 million then ran away two years ago has finally been sentenced.
City News Service says a federal judge in Los Angeles gave David Kaup nearly 8 ½ years in prison on Thursday. He'll also have to repay his victims.
The San Gabriel man operated several Los Angeles-based mortgage and investment companies. Prosecutors say he defrauded more than 50 mostly working-class families who sought his aid in refinancing their homes.
He agreed to plead guilty to wire fraud in 2012 but skipped his sentencing. Kaup was rearrested last year in Las Vegas.
The judge who sentenced him says Kaup's family indicated he had a gambling addiction.
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