Monday, March 10, 2008
Maryland Man Sentenced For Identity Theft
David Aaron Rice, 29, Baltimore, Maryland, was sentenced by U.S. District Judge Andre M. Davis to 51 months in prison, followed by five years of supervised release and restitution in the amount of $64,536, for mail fraud and aggravated identity theft. Judge Davis previously sentenced Rice‘s co-defendant Ronald Steven Williams, II, 33, Severn, Maryland to 75 months in prison for mail fraud and aggravated identity theft.
According to his guilty plea, from 2001 to 2006, Rice and co-defendant Ronald Williams used the social security numbers and identities of others without their knowledge to obtain money and property from banks and other financial institutions. For example, on June 29, 2004, acting as Dominick Reavis, Williams sold 8003 Brookmead Court, Severn, Maryland to himself in his own name, using a social security number that was unassigned at the time but was subsequently assigned to a newborn. On that same date, Rice submitted a letter to the lender, falsely verifying the employment of Williams at a business which did not exist, thereby allowing Williams to secure a $265,500 mortgage to “purchase” the home from himself.
On February 23, 2006, Williams again sold the residence to himself as ”Oji Williams.” Since the mortgage broker and title company knew Ronald Williams, David Rice posed as Oji Williams, submitting the application and documentation for the loan, including an identification card bearing Rice‘s picture and the name Oji Williams, and using the social security number of a third person without that person’s knowledge. Rice also posed at the closing as Oji Williams. As a result of this fraud, Rice, as Oji Williams, was approved for a $338,000 mortgage to purchase the residence.
mortgage fraud
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
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