Morgage Fraud

Case # 1:

Celia Thomas, 49, commited mortgage fraud and the theft of public housing assistance money, during the period of 2003-2009, by participating in multi-stage mortgage fraud scheme, acquiring properties, including her residence at 10 Dix Street, Dorchester, Massachusetts, by providing falsely inflated income figures to the mortgage lenders. Thomas, employed by Boston Department of Neighborhood Development at the time, collected approximately $60,000 in Section 8 Housing Assistance by using a phony identity. She faces up to 30 years in prison, to be followed by five years of supervised release, and a $1,000,000 fine on each of two bank fraud convictions; up to 20 years in prison, to be followed by three years of supervised release, and a $250,000 fine on each of wire fraud convictions; and up to 10 years in prison, to be followed by three years of supervised release, and a $250,000 fine on the theft of federal funds (housing assistance payments) conviction. United States District Judge William G. Young scheduled sentencing for July 11, 2012.

http://mortgagefraudblog.com/perp-walk/item/17442-woman-convicted-of-bank-fraud

Case #2:

Devitoe Farmer, 44, Memphis, Tennessee, has been arrested and charged with three counts of Theft of Government Property. On March 21, 2012, the grand jury returned an indictment charging Devitoe Farmer with knowingly stealing and converting property owned by the United States Department of Housing and Development (HUD), a department of the United States government. The properties referenced in the indictment include 4737 Grecco Drive, Memphis, Tennessee 38128; 3386 Raleigh Millington Road, Memphis, Tennessee 38128; and 3550 Meritt Street, Memphis, Tennessee 38128.

http://mortgagefraudblog.com/perp-walk/item/17391-alleged-house-thief-arrested-and-charged

Both cases are involved in US Goverment fraud, including money laundering scheme, bank fraud, false credit applications, wire fraud, mail fraud, and thefth of the federal...