ALBANY - Anthony Andersen, 54, of Troy, and Laura Andersen, 49, of Florence, Massachusetts, were sentenced on August 12, and September 14, respectively, in United States District Court in Albany.

Anthony Andersen was sentenced to be imprisoned for 41 months, to be followed by supervised release, in connection with his previous guilty plea to making false statements to a federally insured financial institution, and money laundering.  Laura Andersen was sentenced to three years probation and 300 hours community service in connection with her previous guilty plea to making false statements to a federal law enforcement agency.  Each defendant's sentence included an order to pay restitution in the amount of $724,883.42.  The defendants are joint and severally liable for restitution with convicted co-defendants.

In entering his guilty plea, Anthony Andersen admitted to knowingly and willfully making and causing to be made materially false statements regarding overvalued real property for the purpose of obtaining monies from Union Planters Bank, which was then insured by the Federal Deposit Insurance Corporation.  In entering her guilty plea, Laura Andersen admitted to making false statements to agents of the Federal Bureau of Investigation regarding her involvement, including preparation of mortgage documents, in the scheme to obtain monies from Union Planters Bank.