Two Loan Officers Sentenced in Manhattan Federal Court for Participating in a $9 Million Mortgage Fraud Scheme

Two Loan Officers Sentenced in Manhattan Federal Court for Participating in a $9 Million Mortgage Fraud Scheme

New York, NY – August 23, 2012 – (RealEstateRama) — Preet Bharara, the United States Attorney for the Southern District of New York, announced today that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court for their roles in a $9 million mortgage fraud scheme in which 12 people were originally charged and 11 have pled guilty. Warren was sentenced to 51 months in prison and ordered to forfeit $1,993,000 after pleading guilty on April 11, 2012, to one count of conspiracy to commit wire fraud and bank fraud and one count of wire fraud. Parks was sentenced to time served and ordered to forfeit $2,554,000 after pleading guilty on April 19, 2012, to one count of conspiracy to commit wire fraud and bank fraud. U.S. District Judge Naomi R. Buchwald imposed both of today’s sentences.

Previous articleBruijn-Hansen Appointed Local Government Property Insurance Fund Manager
Next articleAttorney General DeWine Lauds Moving Ohio Forward Demolitions Around Ohio