Kara E. Robinson- Franks a/k/a Kara E. Garret, a Kansas resident, was sentenced for wire fraud and money laundering in connection to her role in a mortgage fraud scheme.
As previously reported on Mortgage Fraud Blog and per court documents, Robinson – Franks held herself out to be a real estate agent and vice president of Operations and Human Resources for Heritage Financial Investments and Legacy Enterprises. Robinson-Franks along with others conspired to obtain mortgage loans by submitting inflated property appraisals and other false information to lenders.
Robinson- Frank was sentenced to service 36 month in prison. Robinson- Frank has also been ordered to pay $680,836.54 in restitution to B of A, Federal National Mortgage Association, Hamilton Mortgage and Long Beach Mortgage Company.
Kara E. Robinson- Franks was sentenced by U.S. District Judge John W. Lungstrum, in the District of Kansas.