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"Dominatrix Carrie Coakley sentenced in fraud case"

on Monday, 16 April 2012. Posted in Front Page Headline, Media Updates

Newsday The professional dominatrix who recruited straw buyers to take part in the largest mortgage fraud ring in Suffolk County history was sentenced Friday to community service and probation.

Carrie Coakley, 40, of Manhattan, pleaded guilty last year to her role in the scam, which was orchestrated by her husband, Donald MacPherson, 68, publisher of The Soho Journal. He is serving 4 to 12 years in prison and is on the hook for restitution of $44 million.

Suffolk County Court Judge James F.X. Doyle gave Coakley 840 hours of community service and 5 years' probation.

"Your involvement was not at the level his was," Doyle told her.

Assistant District Attorney Thalia Stavrides described Coakley as a relatively small player in the scam. Coakley said nothing in court and declined to comment afterward.

Prosecutors say the scheme stole $82 million from lenders by inflating purchase prices, fabricating documents and using straw buyers to make phony purchases and obtain fraudulent mortgages.

Coakley recruited some of the straw buyers at The Dungeon, the Manhattan club where she was in charge.

Others in the scheme included former county Legis. George Guldi, who is serving 4 to 12 years in prison, and Ethan Ellner, who is awaiting sentencing.

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