Three Ordered to Prison in Multi-Million-Dollar Mortgage Fraud Scheme
Federal Information & News Dispatch, Inc. |
Three Ordered to Prison in Multi-Million-Dollar Mortgage Fraud Scheme
Today, U.S. District Judge
A fourth defendant, attorney and former title company escrow officer
All were indicted in 2011 in a scheme to defraud residential mortgage lenders. The conspirators used fraudulent documents to help borrowers qualify for mortgage loans to purchase condominium units in the
Macapaz and Lawrence have admitted they knowingly arranged for borrowers to submit the false documents to mortgage lenders in order to obtain loans, while Maldonado has admitted he knowingly created some of the false documentation.
Previously released on bond, Macapaz was taken into custody following the sentencing today where he will remain pending transfer to a
The investigation leading to the charges was conducted by the
Copyright: | (c) 2011 Federal Information & News Dispatch, Inc. |
Wordcount: | 417 |
myPers is one-stop shop for civilian personnel support
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News