Season Heather Hymas, 27, was sentenced Thursday in Boise federal court to five years probation for misdemeanor theft from a financial institution. U.S. District Judge Edward J. Lodge also ordered Hymas to pay $100,272.32 in restitution to Wells Fargo Bank.
Hymas, who formerly lived in the Treasure Valley and now lives in American Fork, Utah, is the 11th Hymas family member or associate to be sentenced as part of a Treasure Valley mortgage fraud case. Two other family members, Aaron and Tiffany Hymas, are awaiting sentencing.
According to the plea agreement, on Dec. 8, 2006, Season Hymas obtained a residential loan based on false statements in a loan application. The false statements included misrepresentations concerning her employment, monthly income and the account balance of funds held in a bank account.
In June, a jury found the defendants husband, Travis Richard Hymas guilty on five counts of wire fraud. He was sentenced in October to 24 months in prison for wire fraud and ordered to pay $241,307.04 in restitution.
The Hymases case is part of a multiyear FBI and IRS investigation of mortgage fraud activity related to Crestwood Homes, which involved multiple defendants who bought and sold real estate in order to flip it, or gain profits from the sales. Crestwood Homes was a residential builder in the Treasure Valley that filed a $68 million bankruptcy in July 2008. After doing so, it was discovered that individuals associated with Crestwood were involved in submitting fraudulent residential loan applications to lenders. The financial institutions and mortgage lenders incurred substantial losses on the loan transactions.
Chief U.S. Bankruptcy Judge Terry L. Myers in September 2010 declined to discharge Crestwoods $68 million debt because of the transfer of assets within a year of filing bankruptcy with the intent to hinder, delay or defraud their creditors and their knowing and fraudulent false oaths.
Aaron Hymas was co-owner of the now defunct Crestwood. His business partner, Justin Walker, died in an airplane crash in 2009. Aaron and his wife, Tiffany, have each pleaded guilty to one count of wire fraud for making false statements on a $295,600 residential loan application. The charge is punishable by up to 20 years in prison, up to three years supervised release and a maximum fine of $250,000. Their sentencing, slated for last month, has been postponed to an undetermined date.
Nine other Hymas family members or associates have been sentenced in related federal cases, including Michael J. Hymas, Shauntee K. Ferguson, Christopher R. Georgeson, Stanley J. Ferguson, Brent Bethers, Shane Merlin Hymas, Laurie Krechelle Hymas, Melody Covino Redondo and Paul Redondo.