Former Mortgage Company Owner, Title Company Owner and 3 Others Admit Fraud

Allison Tussey —  November 12, 2010 — 2 Comments

Yvette Gonzalez Valdes, her daughter, Jeannine Valdes-Perez, her brother Joseph Gonzalez, her son-in-law Victor Perez, and Catherine Maiz, all pled guilty before U.S. District Court Judge Ursula Ungaro for their roles in a mortgage fraud conspiracy to purchase two Florida properties. The conspiracy resulted in the approval and disbursement of more than $500,000 in mortgage loans. Sentencing for all defendants is scheduled for January 21, 2011. Each defendant faces a statutory maximum penalty of 30 years in prison.

According to the charging document and statements made during the pleas, Perez was the borrower for two properties, which were purchased within nine months of one another. Best Mortgage Choice LLC, a former mortgage brokerage firm owned and operated by Gonzalez Valdes, was the broker for each transaction. Valdes, Valdes-Perez, Gonzalez, and Perez prepared and submitted fraudulent mortgage loan applications to the lenders, which included materially false information regarding Perez‘s employment, income, assets, intent to live in the property and other information necessary to induce the lenders to approve the loans.

In addition, defendant Maiz, a part owner of Absolute Title, LLC, the title company for each deal, submitted false information to the lenders to induce them to fund the loans. For one of the property transactions, Maiz submitted a letter to the lender falsely claiming that her company had received a $17,000 deposit being held in escrow. For the other deal, Maiz, together with Gonzalez-Valdes, Gonzalez, and Perez, prepared and submitted a false HUD-1 Settlement Statement to the lender that did not reflect the true nature of the transaction. Among other things, the HUD-1 Settlement Statement falsely indicated that Perez brought more than $26,000 to the closing, when, in fact, he did not bring any money the closing. Gonzalez-Valdes, Gonzalez, Perez, and Maiz prepared a second HUD-1 Settlement Statement, which was never disclosed to the lender, stating that Perez was not required to pay any money at closing.

After the loans were funded, Perez did not make the required payments on the loans, and each went into default. The defendants diverted property and proceeds from the fraudulently obtained loans for their own use and benefit.

Gonzalez-Valdes, Gonzalez, Perez and Maiz all pled guilty to one count of conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 1349. Valdes-Perez pleaded guilty to one count of conspiracy to commit wire fraud and one count of wire fraud, in violation of Title 18, United States Code, Sections 1349 and 1343, respectively.

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, and Michael K. Fithen, Special Agent in Charge, U.S. Secret Service, announced the guilty pleas. Mr. Ferrer commended the investigative efforts of the U.S. Secret Service and the other law enforcement agencies comprising the Federal-State Mortgage Fraud Strike Force. The case is being prosecuted by Assistant U.S. Attorney Joseph B. Shumofsky.

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Allison Tussey

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2 responses to Former Mortgage Company Owner, Title Company Owner and 3 Others Admit Fraud

  1. Bruno- the truth about GS having influence in the US gov’t is an understatemnet. Almost any higher appointed official in our gov’t has close ties at some point to GS. If you look up a story done about this very fraud committed on the people of the US by our gov’t it is called something like “Goldman Sacks is the Vampire Squid Sucking the life out of America”. Or that is a line from it. Google it and you’ll find it. There is more on it now how America is being sold out by our great leaders b/c of a budget shortfall to anyone willing to put up the dough. What will happen is in 25 or so years when the loans these sales actually are will come due and the lenders(mostly sovereign wealth funds of Arab nations)will come to collect on either the cash or the property. Americans will wake up to see their highways and parks and streets they have been taxed on their whole lives in the hands of foreigners who could care less about what Americans want.

  2. I am just curious as to your thoughts on this. Many average everdya people are obviously being criminally charged for mortgage related frauds. However, what has happened if anything regarding any criminal actions against the Wall Street financiers who deliberately threw away any concept of mortgage application guidelines in the absence of Freddie & Fannie, prior to when the bottom fell out in 2008? Unregulated Wall Street endorsed and engaged inadvertently in the “stated income” conspiracy game with various crooked mortgage lenders (i.e. Daniel Sadek)- but these “big players” seem untouchable. Why????

    It’s mind boggling to me as a former law enforcement myself that nothing has been done. Perfect example – Goldman Sachs pays a hefty civil fine to the SEC for fraud. The SEC refers the case to the FBI over 6 months ago and still to this day – nothing.

    I am not trying to be naive as to the fact that Goldman has political influence, but by God, this whole debacle and how it was caused is so blatant.

    Please correct me if I’m wrong.

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