A federal jury in Boise Friday convicted Travis Richard Hymas, 28, of Cedar Hills, Utah, formerly of Meridian, Idaho, on five counts of wire fraud related to mortgage fraud, U.S. Attorney Wendy J. Olson announced. Sentencing is set for Sept. 4 in Boise.
During the eight day trial, the jury heard evidence that between November 2006 and March 2007, Travis Hymas defrauded five lenders on loans valued in excess of $1 million.
In December 2011, a federal grand jury returned a superseding indictment charging Hymas and his wife Season with five counts of wire fraud. Season Hymas will go on trail in the near future.
In a separate case, husband and wife Aaron Michael Hymas and Tiffany Kim Hymas, of Bountiful, Utah, were indicted in February on multiple counts of wire fraud, false statements to financial institutions, and bankruptcy fraud. The two defendants are set for trial in October.
Aaron Hymas was the former chief executive officer of Crestwood Construction, also doing business as Crestwood Inc. The companies were engaged in residential construction in Idaho and Utah.
The cases are part of an investigation of mortgage fraud activity related to Crestwood, which involved multiple defendants who bought and sold real estate in order to "flip" it, or gain profits from the sales. The financial institutions and mortgage lenders incurred substantial losses on the loan transactions.
