Kim S. Morris, 42, Belleville, New Jersey, was sentenced to 33 months in prison for participating in a mortgage fraud scheme that defrauded Wells Fargo Bank and structuring money orders to evade transaction reporting and identification requirements.
As previously reported by Mortgage Fraud Blog, Morris, a part-time court clerk at the Essex County Courthouse, pleaded guilty to an Information charging her with one count of bank fraud and one count of structuring. Morris entered her guilty plea before U.S. District Judge Stanley R. Chesler, who also sentenced her in Newark, New Jersey, federal court.
According to the documents filed in this case and statements made in court:
Morris admitted that she applied for a mortgage loan from Wells Fargo Bank in January 2008 by completing a fraudulent Uniform Residential Loan Application in order to procure approximately $624,000 for a home loan. The loan application contained material misrepresentations, including inflating Morris‘ personal income and falsifying the name of her employer. These fraudulent misrepresentations caused Wells Fargo to extend a home loan to Morris. Morris also admitted that from March 2008 through late June 2009, she structured approximately 110 money orders, totaling $84,855.55, for the purpose of evading the reporting and identification requirements.
In addition to the prison term, Judge Chesler sentenced Morris to three years of supervised release and ordered her to forfeit $708,855.
U.S. Attorney Fishman credited U.S. Postal Inspectors, under the director of Postal Inspector In Charge Philip R. Bartlett of the Newark Division; special agents with the DEA, under the director of Special Agent in Charge Brian R. Crowell in Newark; and special agents with IRS-Criminal Investigation, under the direction of Acting Special Agent in Charge JoAnn S. Zuniga in Newark, with the investigation leading to the sentence.
The government is represented by Assistant U.S. Attorney Lakshmi Srinivasan Herman of the U.S. Attorney’s Office Asset Forfeiture and Money Laundering Unit in Newark, New Jersey.
Defense counsel: Cassandra Savoy Esq., Bloomfield, N.J.