TAMPA -- John Miller, the former mortgage broker who helped federal authorities gather evidence used against former Coast Bank executive Philip Coon, was sentenced Tuesday to three months in a federal camp, three months of home detention, and three years of probation, his lawyer confirmed.
Miller, former president of American Mortgage Link, could have been sentenced to 24 months in prison under the terms of a plea agreement he reached with the government in 2008 on a charge of conspiracy to commit fraud. But the U.S. Attorney’s Office had filed a motion asking a federal judge for leniency because of Miller’s role in gathering evidence against Coon, who also confessed to the conspiracy charge.
Miller had secretly recorded 17 conversations with Coon during which Coon admitted he had instigated a scheme to add an extra point to home construction loans Coast Bank awarded to hundreds of customers while Coon was a bank executive.
“We’re a little disappointed,” said Edward Suarez, Miller’s attorney, who had pressed for Miller to receive no prison time. “But it was a fair sentence.”
Last month, Coon was sentenced to 18 months for his role in the scheme, which involved construction loans involving the now-defunct Construction Compliance, Inc., a homebuilder in St. Petersburg. The loans were for homes that were to be built in North Port, Port Charlotte and several other southwest Florida locations.