Shanita Lacy of Chesapeake, Va. has pleaded guilty in a Norfolk, Va. federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain home mortgages. Neil H. MacBride, United States Attorney for the Eastern District of Virginia, made the announcement after Lacy’s plea was accepted by United States Senior District Judge Henry Coke Morgan Jr. Lacy faces a maximum penalty of 30 years in prison and a fine of $1 million when she is sentenced on March 18, 2011.Click to continue