"

Estimated reading time: 0 minutes, 56 seconds

California CPA Guilty of Mortgage Fraud

dojA 43-year-old CPA from Granada Hills, Calif., has been convicted of one count of conspiracy to commit bank fraud and wire fraud, and two counts of bank fraud. Carmen Denise Mosley faces up to 30 years and prison and a $1 million fine on each count after a Las Vegas, Nev., jury convicted her of participating in scheme in that state that caused $1.6 million in losses federally insured financial institutions.

Mosley is scheduled to be sentenced on August 5. Her co-defendant Zulfiya Karimova, 33, a loan officer from Cupertino, Calif., pleaded guilty to similar charges and is scheduled to be sentenced this week.

According to court records and evidence introduced at the trial, from November 2006 through November 2007 the two obtained money from by providing false information on mortgage loan applications and supporting documentation of house buyers. Karimova found buyers to apply for loans and included bogus information about their income and assets while Mosley provided supporting documentation.

The two received their money by having the financial institutions disburse proceeds from the loans at closings. This included three houses in the Las Vegas area with the buyers defaulting on the loans.

Read 13498 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Text Color

Header

Background Color

Footer

Select menu
Google Font
Body Font-size
Body Font-family
Direction
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.