Former Mortgage Clerk Sentenced for Closing Fund Theft

admin —  January 18, 2010 — 1 Comment

Jodie Hoang, 34, Houston, Texas, was sentenced to thirty months in federal prison for computer fraud by visiting U. S. District Judge Frederick Block from the Eastern District of New York. In addition, the defendant was ordered to serve three years of supervised release, during which time the defendant will be under federal supervision and risks additional imprisonment should she violate any terms of the release. Judge Block also ordered the defendant to pay $1,017,701.35 in restitution.

According to court documents, Hoang pled guilty on September 15, 2009. Hoang was an accounting clerk at Standard Mortgage Corporation, a corporation located in New Orleans, Louisiana, that originates and services residential loans. The defendant’s duties included processing funds received by Standard Mortgage Corporation at loan closings using accounting software on the company’s computer system. Using the computer system, Hoang changed the deposit code for payments made by customers at mortgage closings. Hoang then created checks payable to herself or her credit card providers from funds which she had previously fraudulently changed the accounting codes. As the individual responsible for reconciling Standard’s general operating account, Hoang separated and concealed all cancelled checks which had been made payable to her or her credit card providers.

U.S. Attorney Jim Letten announced the sentence.  The case was investigated by agents of the Federal Bureau of Investigation and is being prosecuted by Assistant U. S. Attorney Carter K. D. Guice, Jr. of the Financial and Computer Crime Unit.

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One response to Former Mortgage Clerk Sentenced for Closing Fund Theft

  1. It is amazing how this mortgage fiasco has made allot of potential criminals come out of the closet. You are either honest or not.

    I have been responsible for tens of thousands of dollars, knowing right from wrong, I am of the opinion that you ALWAYS get caught. It is never worth your personal freedom.

    However, many individuals in our society are always out to get something for nothing, or thinking how they can beat the system. Why don’t they put their brain power to good use?

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