Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

MORTGAGE BROKER NETS 2+YRS IN PRISON FOR FRAUD - SHE FALSIFIED DOCS
North Royalton Woman Sentenced to More Than Two Years in Prison for Mortgage Fraud   A North Royalton loan officer was sentenced to more than two years in prison for a mortgage-fraud scheme that resulted in a loss of more than $1 million, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio.
Antoinette Payne, 44, was sentenced to 27 months in prison by U.S. District Judge Patricia A. Gaughan and ordered to pay more than $1.3 million in restitution.
She previously pleaded guilty to one count each of conspiracy to commit wire fraud andconspiracy to commit money laundering in connection with a mortgage fraud scheme to defraud various lenders.
Payne worked as a mortgage broker and loan officer for Supreme Funding, a mortgage broker in Euclid, Ohio. She was also the owner of TLC Properties (TLC) and Designer Loan Properties (Designer), which were simply sham companies that she used to receive kickbacks and reimbursements for undisclosed down payment assistance she was providing to purchasers from the various loans’ closings she was handling, according to court documents.
These funds were in addition to the fees paid to Payne as a mortgage broker and loan officer in handling these ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention