A federal grand jury has indicted Monica Elizabeth Frommer of Sherman Oaks, Calif. for her role in a $2 million mortgage fraud scheme in which she allegedly filed fraudulent loan applications that in some cases falsely claimed she and her husband earned nearly $50,000 per month. Frommer was indicted Nov. 9 on charges of bank fraud, loan fraud, wire fraud, and making unlawful monetary transactions. Frommer surrendered to federal authorities and pleaded not guilty to the 12 counts in the indictment. Frommer is currently scheduled to go on trial on Jan.Click to continue