California real estate broker guilty of fraud in first-time homebuyer scam – NMP Skip to main content

California real estate broker guilty of fraud in first-time homebuyer scam

NationalMortgageProfessional.com
Apr 13, 2010

A Tarzana, Calif. woman has pleaded guilty to federal tax charges, admitting that she filed more than 200 false tax returns with the Internal Revenue Service (IRS) that sought over $1.3 million in refunds based on fraudulently claimed First-Time Homebuyer Credits and Earned Income Tax Credits. Kashawn Monique Savery, a real estate broker who until recently lived in Reseda, Calif., pleaded guilty before United States District Judge Dale S. Fischer. Savery pleaded guilty to all of the charges in a criminal information that charged her with 10 counts of making false claims to the United States. According to a search warrant executed earlier this year at Savery’s residence, IRS-Criminal Investigation began investigating this matter when an IRS Fraud Detection Center observed suspicious activity, including a group of 231 tax returns for the 2008 tax year that sought more than $1.3 million in refunds. The vast majority of the suspicious tax returns were filed from a computer that IRS investigators determined was located at Savery’s condominium in Reseda. Other suspicious tax returns linked to the same computer have been filed in recent months for the 2009 tax year. Savery pleaded guilty to fraudulently filing or causing to be filed 10 tax returns, five of which sought refunds based on the Earned Income Tax Credit, and five of which sought refunds based on the First-Time Homebuyer Credit. The criminal information alleges that the 10 tax returns fraudulently sought nearly $68,000 in refunds. During today’s hearing, Savery admitted being involved in the filing of more fraudulent tax returns--over 200 that sought more than $1.3 million in fraudulent refunds. Judge Fischer is scheduled to sentence Savery on October 18. As a result of today’s guilty pleas, Savery faces a maximum statutory sentence of 50 years in federal prison and a $2.5 million fine. This case was investigated by IRS-Criminal Investigation. For more information, visit www.usdoj.gov.
Published
Apr 13, 2010
Mortgage Companies Continue To Violate Compensation Guidelines

Embrace the seven safe compensation methods to keep your business in compliance

Regulation and Compliance
Jul 06, 2022
Governor Appoints Marty Green To Texas Finance Commission

Green has over 30 years of high-level experience in the legal, banking, and financial services industries.

Regulation and Compliance
Jun 27, 2022
NAHB Chairman Blasts Biden Administration Over Lumber Tariffs

Says refusal to cut tariffs on Canadian lumber turns 'a blind eye to America’s housing affordability crisis .'

Regulation and Compliance
Jun 23, 2022
CFPB Director: Agency Reviewing QM Rules, Other Regulations

In a blog post, Rohit Chopra says the goal is to “more clearly communicate the agency’s expectations.”

Regulation and Compliance
Jun 21, 2022
New GSE Guidelines Challenge Condo/Co-op Lenders

Lenders have a terrible time obtaining up-to-date and accurate info from public data

Regulation and Compliance
Jun 16, 2022
10 Legal Steps Every Small Business Should Take

Stay guarded to limit your liability

Regulation and Compliance
Jun 16, 2022