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mortgage loan applications

Mortgage fraud scheme earns Jacksonville man seven years behind bars

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United States Attorney A. Brian Albritton announced that U.S. District Judge Henry Lee Adams Jr., has sentenced Juan Carlos Gonzalez (age 51, of Jacksonville, Fla.) to seven years in federal prison for conspiring to commit wire and bank fraud. The court also entered a money judgment against Gonzalez for $6,296,303.65, the amount that Gonzalez obtained from the fraud. Gonzalez had pleaded guilty on Nov. 25, 2008.Read more

San Francisco broker pleads guilty to defrauding lenders and financial institutions

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Michael Chou pleaded guilty in federal court today to wire fraud conspiracy, United States Attorney Joseph P. Russoniello announced. In pleading guilty, Chou admitted that, in a scheme that began in 2003 and continued until approximately April 30, 2009, he defrauded mortgage lenders and financial institutions by providing false and fraudulent information in support of mortgage loan applications.Read more