Back in September, we were one of the first to notice that former Finch bassist Derek Doherty (pictured at far-right) admitted he was running a mortgage audit scam. Back on October 17, UTG had learned, Derek was sentenced to 15 months in prison for his crimes.

From the Department of Justice:

“DEREK DOHERTY was sentenced to 15 months in prison and ordered to pay $98,835 restitution involving a scheme to defraud clients by taking advance fees for loan audits that he never performed. 

According to court documents, between April and August 2010, Doherty created Home Safe Financial, a mortgage loan modification and audit company operating first in St. Louis, then Overland Park, Kansas, before merging with California-based Financial Hope for America in August 2010. Doherty advertised to potential clients a paid loan audit accompanied by a free loan modification.  He represented that he and his company would review client’s mortgage loans and determine whether the mortgages complied with the provisions of various federal housing and lending statutes and regulations, for a fee of $3000.  He mailed contracts and accepted payments from clients, while representing that he had the ability to perform a loan audit and that a loan audit would be completed.  However Doherty never completed any of the loan audits and, in fact, never purchased the necessary software to perform them. ”

You can read the full details here.

In better Finch-related news, a recent interview with AltPress insinuated that a new album may be possible. They are currently on tour in Asia.

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Dan Bogosian

I finished school with a music theory degree. Before I finished school, I was a janitor. You really should apologize to all the janitors you've ever had. You hurt them. Seriously. You did.

But, now that we've cleared that up and you called your high school janitor, know that I quit being a janitor to pursue writing about music. So here I am, and here you are, and hey how are you?

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