Foakes, 48, was also ordered to pay $1.1 million in restitution. He was accused of fraud to obtain parcels of land in northern California and a property in Santa Rosa by making false statements on mortgage loan applications and altering bank statements. In the loan papers, Foakes said he was the self-employed owner of “Foakes Concrete” for a decade and made $24,000 per month, according to U.S. Attorney Melinda Haag.
He pleaded guilty in October to conspiracy to commit wire fraud, bank fraud and money laundering between 2006 and 2007. Alsup’s sentence was for five years, 10 months.
Foakes is one of several defendants indicted in the mortgage fraud conspiracy in Sept. 2011.
Alsup’s sentence also limits Foakes’ ability to associate with other members of the motorcycle club.
Case: U.S. v. Foakes, CR11-624WHA