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Man Found Guilty in $5M Mortgage Fraud Scheme

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Industry Observer TN LIC# 290452

Man Found Guilty in $5M Mortgage Fraud Scheme

Eric Devon Bernard, 31, Brooklyn Park, Minnesota, was found guilty for his role in a $5 million mortgage fraud scheme.

Bernard, who legally changed his name to Eric Allen Shirpiro, was found guilty by Hennepin County, Minnesota, District Court Judge George McGunnigle of racketeering for his role in the 2006 scheme.

The county attorney’s office argued that Bernard was a flight risk and asked that he be taken into custody until his sentencing. The judge agreed.

The trial before McGunnigle, without a jury, concluded Aug. 5, 2011.

The Hennepin County Attorney’s Office prosecuted the case.

“We continue to aggressively prosecute these mortgage fraudsters,” Hennepin County Attorney Mike Freeman said. “Identity theft and fraudulent transfers need to stop. Thanks to some great police work, these abusers have been brought to justice.”

Courtesy Mortgage Fraud Blog

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Comments(3)

Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Hopefully that will send a message to the rest of the world that we need to rid ourselves of these folks!

Aug 17, 2011 06:38 AM
Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton, Mass 02356

5 Million, who knows how high it would have been or how many peoples lives would have been ruined had they not caught on and caught him.

Bye Bye

Enjoy the day

Aug 17, 2011 06:57 AM
David Saks
Memphis, TN
Broker / Industry Analyst

Thank you for your comments, Larry and Don.

Aug 17, 2011 07:02 AM