A South Philadelphia mortgage broker charged with a murder-for-hire plot was sentenced yesterday to more than 12 years in federal prison for a separate mortgage-fraud scheme.
Mahn Huu "Bruce" Doan, 40, was sentenced by U.S. District Judge Michael M. Baylson to 151 months in prison and was ordered to pay more than $5 million in restitution.
Doan oversaw 195 fraudulent real estate transactions involving about 180 properties, financed with government-insured loans he obtained by using borrowed or fictitious identities, prosecutors wrote in a sentencing memorandum.
"On almost every single property, the mortgage loan is in or about to be in foreclosure," prosecutors wrote. "Net losses - to the government on government-insured loans, and to various banks, on the conventional loans - could total more than $6 million."
In a bizarre twist, while Doan was cooperating with federal authorities in this case, he allegedly tried to hire a hit man to kill two persons and maim a third.
He was free on $50,000 bail when he was arrested and charged on May 29 with murder-for-hire. That bail was revoked.
The hit-man plot involved a lawyer and two plaintiffs who were suing Doan.
The plot backfired when it turned out the man Doan was trying to hire also was a cooperating federal witness who secretly recorded their conversations.
"Make it look like a robbery," Doan said, according to a partial transcript filed in court.
"Get a van," he allegedly said, ". . . lock him up, tie him up. Light him up like Christmas."