Title company owners sentenced in flipping scheme

November 22, 2003|BY A SUN STAFF WRITER

The owners of a Baltimore real estate title company who pleaded guilty last month to defrauding the federal government of nearly $600,000 in a property flipping scheme were sentenced yesterday in U.S. District Court.

Edward Charles Rybczynski was sentenced to five months in prison and ordered to pay $594,433 in restitution. When released from prison, Rybczynski will also serve five months of home detention and three years of supervised release. His wife, Andrea Marie Rybczynski, was given three years' probation, six months of home detention and also ordered to help pay restitution.

The Rybczynskis, of Havre de Grace, own Liberty Title Co. in Baltimore. They each pleaded on Oct. 1 to one count of conspiracy. They were among 18 people charged with fraudulent property transactions linked to former Perry Hall real estate broker William Otto Schmidbauer, who pleaded guilty to a conspiracy charge this year and was sentenced to a year and day in prison.

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