Mortgage Brokers Receives 5 Year Sentence For Scam

admin —  March 9, 2009 — Leave a comment

Kimberly Taylor, 40, Fayetteville, North Carolina, was sentenced by Senior United States District Judge James C. Fox to 70 months’ imprisonment followed by five years of supervised release. The Court also imposed restitution in the amount of $91,933.41.

A Federal Grand Jury returned a Criminal Indictment on October 24, 2007. At her arraignment on July 10, 2008, Taylor pled guilty to ten counts of bank fraud and two counts of aggravated identity theft. Starting in June, 2005 and continuing through June, 2006, Taylor, while working as a licensed mortgage broker, devised a scheme in which she took the identities of clients or potential clients, to include their names, social security numbers, and dates of birth, and submitted loan applications to RBC Centura to obtain loans totaling $184,400.

United States Attorney George E.B. Holding made the sentencing announcement.

“This is another case that undermines our financial system. The defendant, working in a position of trust, stole the identities of six individuals to obtain money for her own personal gain. We are pleased with the Court’s sentence and will continue to investigate and vigorously prosecute cases such as these,” stated Mr. Holding.

Investigation of the case was conducted by the United States Postal Inspection Service. Assistant United States Attorney David Bragdon served as prosecutor for the government.


Posts Google+

No Comments

Be the first to start the conversation.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>