BANGOR — A New York man was sentenced today in U.S. District Court in Bangor for submitting a false mortgage loan application and maintaining a marijuana-involved premises.
U.S. District Judge Stacey D. Neumann sentenced Ken Yiu, 49, of Brooklyn, New York, to time-served (one day) prison to be followed by three years of supervised release. Yiu pleaded guilty on December 10, 2025.
According to court records, Yiu purchased a house in Saint Albans using an $80,000 residential mortgage loan he obtained from a Maine Bank. To receive the funding, Yiu submitted a loan application in which he answered “yes” to the question, “Do you intend to occupy the property as your primary residence?” Yiu never intended to occupy the property as a residence. From September 2020 through January 2024, he instead used the property to grow and distribute marijuana…