PITTSBURGH — A businessman who won a new trial because his first lawyer fell asleep during proceedings has been sentenced to 6½ years in prison on fraud convictions.
Fifty-year-old James Nassida pleaded guilty in August to wire and bank fraud conspiracy.
Federal agents said Nassida and his sister led a scheme to inflate borrower income and assets to obtain millions in fraudulent loans through their mortgage brokerage firm between 2002 and 2008.
The scheme was among the largest investigated by the local mortgage fraud task force. Nassida’s sister killed herself after the two were convicted last year. He was granted a new trial because his attorney dozed off.
U.S. District Judge Donetta Ambrose said Wednesday “This isn’t the end of your life. I think you have learned a lesson.”