Miami Resident Charged Criminally and Jailed for Following Bad Advice

Our Miami criminal defense attorneys offer confidential appointments to anyone charged with mortgage fraud for allegedly making false statements on loan applications. Please give us a call.

We continue to be amazed that banks can make these allegations with a straight face. And that prosecutors are actually willing to go to court. Everyone who has ever exaggerated their income in filling out an application for a home loan or credit card should turn themselves in at the prosecutor’s office. Let’s all go down there and wait in the lobby, shall we?

Shame on the banks for not verifying income. If you think these are all big multi-million dollar schemes involving straw buyers and property flipping, think again.

This week, the U.S. Attorney for the Southern District of Florida announced a 33-year-old Coral Springs woman was sentenced to a year in prison after pleading guilty to three counts of making false statements on loan applications for small business loans. She claimed the applications had been filled out by a consulting group and submitted to the bank.

They indicated she had owned the business longer than she had and that she earned an income when none had been earned. Loans were approved in the amount of $200,000 as a result. The defendant was ordered to pay $125,000 in restitution.

Another hardened criminal behind bars!

In another case, a 40-year-old Loxahatchee resident was sentenced to eight months in prison after pleading guilty to charges that he did not tell the FBI about crimes committed by others who obtained mortgages for properties in Palm Beach County through a financial services company. He was ordered to pay $1.3 million to banks that were defrauded, according to the South Florida Business Journal.

The man was a former Palm Beach County sheriff’s deputy.