Michael Angelo Munoz, a former real estate agent with Crisp & Cole Real Estate, was sentenced to two years in prison for his role in a mortgage fraud scheme between 2004 and 2007. Munoz pleaded guilty to two counts of mail fraud and agreed to forfeit $1.3 million in profits from the criminal scheme. Prosecutors accused Munoz of acting as a "straw buyer" and purchasing homes using falsified loan applications, costing lenders $30 million when many properties later went into foreclosure. Munoz was the seventh defendant sentenced in the case involving Crisp & Cole Real Estate's mortgage fraud.