Escrow Officer Sentenced for Providing False Documents to Lenders

Allison Tussey —  May 30, 2014 — Leave a comment

Donna Shirley Cobb, 53, Aledo, Texas, woman has been sentenced to federal prison for her role in a mortgage fraud scheme involving 28 properties located in the Eastern District of Texas.

The defendant pleaded guilty on October 16, 2013, to conspiracy to defraud the United States and was sentenced to 21 months in federal prison by U.S. District Judge Thad Heartfield.  Cobb was also ordered to pay restitution in the amount of $2,151,376.00.

According to information presented in court, from 2005 to 2008, Cobb, an escrow officer with Title Texas, Inc., was involved in a conspiracy to defraud lending institutions by providing fraudulent documents and causing residential loans to be provided based on the fraudulent information.  One such property was located on Carlton Court, McKinney, Texas. A total of 28 properties located in Cedar Hill, Cresson, Dallas, Euless, Fairview, Fort Worth, Frisco, Heath, Hurst, McKinney, Murphy, Plano, Prosper, and Watauga, Texas, were involved in the scheme.

U.S. Attorney John M. Bales announced the sentence

This case was investigated by the Federal Bureau of Investigation and the Federal Housing Finance Agency – Office of Inspector General.  This case was prosecuted by Assistant U.S. Attorneys Christopher A. Eason and J. Andrew Williams.

Allison Tussey

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