Arizona woman sentenced to nearly 4 years in prison for real estate scheme

Apr 26, 2022, 4:05 AM
(Pexels Photo)...
(Pexels Photo)
(Pexels Photo)

PHOENIX — An Arizona woman was sentenced last week to nearly four years in prison for wire fraud and money laundering as part of a real estate scheme, authorities said.

Sarah Nicole Kelley, 41, of Coolidge, Arizona will spend 46 months behind bars and pay $190,774.64 in restitution after being found guilty of 24 counts of wire fraud and eight counts of money laundering by a federal jury in October 2021, the United States Attorney’s Office for the District of Arizona said in a press release on Monday.

Kelley, a former real estate agent, defrauded a family friend out of $185,000 by convincing them to invest in a real estate project and send additional money for a short-term loan, authorities said.

She then used the money to pay off her own debts and strung the family friend along for months with lies about how the money was spent and when they would get it back.

The court also discovered after sentencing Kelley that she defrauded another family friend out of $647,000 using similar tactics, authorities said.

Kelley also provided false testimony under oath when seeking to overturn the jury’s guilty verdict, authorities said.

Investigation of the case was conducted by the Internal Revenue Service – Criminal Investigation.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Facebook Photo/Phoenix Police Department)...

Body of burned man found in dumpster near downtown Phoenix

The burned body of a man was found in a dumpster near downtown Phoenix on Tuesday morning, authorities said.
10 hours ago
(City of Sedona Photo)...

More evacuation orders issued for flooding in Sedona, Cottonwood areas

More evacuation orders were issued in northern Arizona on Wednesday morning for flooding caused by rainfall and snowmelt.
10 hours ago
(Screenshot via Arizona Department of Transportation Webcam)...

Latest round of rain creates issues for drivers on Valley roadways

Two people were rescued after getting trapped in Cave Creek flood waters Wednesday morning and a pothole opened up on Interstate 17.
10 hours ago
Julia "Judy" Reffel (Photo via Mesa Police Department)...

Silver Alert issued for missing Mesa woman with dementia

A Silver Alert was issued early Wednesday for a missing Mesa woman who has severe dementia, authorities said.
10 hours ago
(Pexels Photo)...
Griselda Zetino

Senate bill seeks to create list of banned books in Arizona schools

State lawmakers in Arizona are considering a bill that would create a list of books not allowed in public schools.
10 hours ago
(Facebook Photo/Old Station Subs)...
SuElen Rivera

Phoenix restaurant owner speaks about turmoil surrounding homeless encampment

As homelessness in downtown Phoenix rises, a restaurant shop owner is counting on change from officials to revitalize the heart of the city.
10 hours ago

Sponsored Articles

(Photo: OCD & Anxiety Treatment Center)...

Here’s what you need to know about OCD and where to find help

It's fair to say that most people know what obsessive-compulsive spectrum disorders generally are, but there's a lot more information than meets the eye about a mental health diagnosis that affects about one in every 100 adults in the United States.
(Pexels Photo)...

Sports gambling can be fun for adults, but it’s a dangerous game for children

While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity.
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
Arizona woman sentenced to nearly 4 years in prison for real estate scheme