Rashmi Airan-Pace, South Miami, Florida, was granted a disciplinary revocation, with leave to seek readmission after five years, effective immediately, following a February 27, 2015 court order.
According to the Florida State Bar, disciplinary revocation is equivalent to disbarment. Charges pending against Airan-Pace involve allegations of mortgage fraud.
As previously reported by Mortgage Fraud Blog, in December 2014, Airan-Pace pleaded guilty to the felony charge of Conspiracy to Defraud the United States — bank fraud. Her role included making material misrepresentations on real estate closing documents and facilitating the transfer of funds through accounts under her control, knowing that funds being paid to buyers were not being disclosed on the HUD settlement statements, nor to the mortgage lenders.
What does “bisbarred” mean?