FORMER SUPREME COURT JUSTICE GUILTY OF SHORT SALE FRAUD

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Education & Training with (retired) TN LIC# 290452

Former Michigan Supreme Court Justice Diane Marie Hathaway Pleads Guilty to Bank Fraud

U.S. Attorney’s Office January 29, 2013
  • Eastern District of Michigan (313) 226-9100
 

Diane M. Hathaway, a former Michigan Supreme Court Justice, pleaded guilty today to committing bank fraud in connection with a property owned at 15834 Lakeview Court, Grosse Pointe Park, Michigan, United States Attorney Barbara L. McQuade announced today. McQuade was joined in the announcement by Special Agent in Charge Robert D. Foley, III of the Federal Bureau of Investigation (FBI), and Michigan Attorney General Bill Schuette.

During a hearing this morning before United States District Judge John Corbett O’Meara, Hathaway, 58, of Grosse Pointe, Michigan, admitted that between 2010 and 2011, she knowingly engaged in a scheme to defraud ING Direct bank by concealing assets from the bank to qualify for a “short sale.”

A short sale is a forgiveness of debt by the bank to a borrower who claims financial hardship.

Based on her guilty plea and felony conviction for committing bank fraud, Hathaway is facing a maximum of 30 years in prison, a fine of up to $1,000,000, and up to five years of supervised release.

United States Attorney McQuade said, “We have made mortgage fraud a priority in this district because of the harm this crime causes to our housing markets in the aggregate. Homeowners who play by the rules should know that those who don’t will be held accountable, no matter who they are.”

Robert Foley, Special Agent in Charge of the FBI said, “Regardless of a person’s stature or position in life, we must all follow the same set of rules. In this case, an individual in a prominent position of public trust made extremely poor choices that have resulted in criminal activity. The FBI is committed to stopping these illegal acts.”

Michigan Attorney General Bill Schuette said, “Public corruption scandals have damaged the public’s trust in government and tarnished our state’s reputation. But today, we begin to move forward, beyond the cloud of controversy that hung over our state’s Supreme Court. I appreciate the hard work of U.S. Attorney Barbara McQuade and FBI Special Agent in Charge Bob Foley, who brought this case to a swift and just end.”

This case was investigated by the FBI, with assistance from Michigan Attorney General’s Office.

source: FBI
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David Saks



Time&Temp Memphis

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Lanise Warrior-Johnson 01/29/2013 02:14 PM
Topic:
ActiveRain Community
Location:
Tennessee Shelby County Memphis
Groups:
Realtors®
Tennessee
Crime
Tags:
real estate fraud

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Rainmaker
3,301,399
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

David -- the examples you share with us are another example of truth being far stranger than fiction.   Yikes!

Jan 29, 2013 02:05 PM #1
Rainer
123,079
Lanise Warrior-Johnson
Real Estate Brokers Services, Inc. - Compton, CA
Real Estate Specialist

WOW!  I hadn't seen this in the news.  Thank you for sharing.  It proves that crime does not pay....

Jan 29, 2013 02:06 PM #2
Rainmaker
1,570,074
David Saks
(retired) - Memphis, TN

I'm appalled by this sickening crime, Michael.

Jan 29, 2013 02:10 PM #3
Rainmaker
1,570,074
David Saks
(retired) - Memphis, TN

It is a very sad, very tragic day for America, Lanise, when a woman in such a revered, profoundly honored, position of trust would violate the confidence and faith that our nation had placed in her.

It's speculated that she'll receive a prison sentence between 27 and 33 months.

http://en.wikipedia.org/wiki/Diane_Hathaway

Jan 29, 2013 02:24 PM #4
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Rainmaker
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David Saks

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