Sacto 9-1-1
April 13, 2012
Chico developer Symmes sentenced in federal court

By Denny Walsh

dwalsh@sacbee.com

Prominent Chico developer Anthony G. Symmes was sentenced today in federal court to a month less than three years in prison on his plea of guilty to conspiracy to commit mail fraud and money laundering in connection with a multimillion-dollar mortgage fraud.

Symmes, 61, has already shelled out $4 million to the government that is available to victim-lenders who make a valid claim.

The 35-month sentence was dramatically reduced because of Symmes' extraordinary assistance to the government in its pursuit and prosecution of his fellow crooks.

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