Ricardo White was sentenced to 9 years in prison and the scam's ring leader, Gregory Cooper is in jail for 17 years and owes more than $2 million in restitution.

Meantime, postal inspectors say if you are in the market to refinance always do your homework and reach out to reputable financial institutions.  And, you should never feel pressured to sign papers that you can not read and evaluate at the time of closing.