After engaging in a five-year scheme to inflate the value of mortgage loans to increase his commission compensation, Steven Gordon, a former mortgage securitizer from Miami, has been sentenced to serve 36 months in prison.

Prior to his dismissal in 2006, Gordon was a principal at Bayview Financial, a Coral Gables-based finance company that buys portfolios of loans from lending institutions. Bayview pooled these loans into newly formed business entities, called "special purpose entities," and then issued securities backed by those loans to the investing public.

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