In 1999 Jerome Mayne was convicted and received a 21 month prison sentence for conspiracy to commit mail and wire fraud.
In 1989 he graduated from the paralegal program at UCLA law school and worked as a litigation paralegal for three years. His first job in the mortgage business was at Countrywide Funding in Pasadena, CA. In 1993, he relocated with his wife and new baby to his home state of Minnesota and took a job as a loan officer at Norwest Mortgage (now Wells Fargo). In 1996 he founded Mayne Mortgage Corp. By 1998 he had 10 employees and was growing. In December of 1998 he was indicted by Federal Prosecutors and charged with conspiracy to commit mail and wire fraud for a crime that took place in early 1994 at Norwest Mortgage. In 1999 he went to prison. Before that, he thought he was just like any other good entrepreneur.
Today Mayne speaks to financial professionals about what it’s like to live through the following:
FBI investigations, Federal fraud conspiracy laws, indictment, pre-trial, plea bargaining, conviction, sentencing, leaving for prison, inside the prison, life after prison, career choices and the irreversible effect committing fraud has on life.