Former Bank Employee Admits Falsifying Bank Statements

admin —  December 10, 2009 — 4 Comments

Clarista Bramble, 59, Randolph, Massachusetts, a former Bank of America employee, pled guilty to wire fraud in federal court for creating false documents to secure approval of mortgage loan applications.

At the plea hearing, the prosecutor told the Court that had the case proceeded to trial the Government’s evidence would have proven that during the time Bramble was a bank employee from December 2006 to July 2007, she created false bank documents reporting fictitious balances for accounts in the names of people applying for loans from mortgage lending companies. Bramble received cash payments and other financial benefits from others engaged in the scheme, knowing the false documents would be used to fraudulently secure mortgage loans.

Judge Tauro scheduled sentencing for March 17, 2010. Bramble faces up to 20 years’ imprisonment, to be followed by three years of supervised release and a $ 250,000 fine on each count.

The case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service, with the assistance of Bank of America. It is being prosecuted by Assistant U.S. Attorneys Victor A. Wild and Ryan M. DiSantis of Ortiz’s Economic Crimes Unit.


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4 responses to Former Bank Employee Admits Falsifying Bank Statements

  1. Ms. Becker, please enlighten me how people getting mortgage approvals (and those who profit) led to your family’s demise? I encourage your family to apply for welfare. Your son should apply for a public college so your child can benefit from from federal aid.

    Fraud is to be frowned upon, and your family’s circumstances are tragic, but everything happens for a reason. While your family is going through tough times, your children are likely to grow up very strong and independent. Your husband’s bankruptcy will not affect their credit scores.

  2. I hope these people get the full extent of the law thrown at them and they lose everything they have to their name like so many of the families they affected. Icing on the cake they do time also. They have no idea what damage they did nor do they care who they hurt in the process. They are still sitting on a ton of the former employees hard earned dollars. And they have not had to witness a single day of the devastation they caused. My husband and I lost everything, and are years from recovering. We lost our home. We had to use all our savings to live on while my husband looked for 2 years for a job, because they claimed bankruptcy before they paid him his severance package. We owe thousands in taxes, because we had to take out our stock the day he was let go to live off of. He had no notice of being let go. He went into work and was escorted out of the building 10 minutes later. He was a Sr. Vice President at the time. We have 3 children, one we are trying to put through college, and are barely making ends meet. All I want for Christmas is for them to suffer the way they have made so many others suffer. I know Brad and Patti personally my husband worked for them and I can’t believe they could do this to the loyal, hard working people they had at New Century. They make me sick!!

  3. Sad to say this happens all the time and usually nothing is done about it. I know a corporation right now that is closing loans through Flagstar Bank under FHA and they have been dissolved by the state for months..but all the bank cares about is closing loans. When the owner of the mortgage company had a loan going bad, a person in the bank had the loan “sold” so it wouldn’t reflect bad on the bank’s money machine..the corruption is everywhere…

  4. Sounds Like Harborview Mortgage in Gulf Breeze Fl.

    The told borrowers to lie.

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