Mortgage Fraud Defendant Sentenced in Federal Court

admin —  July 22, 2010 — Leave a comment

Jessica Murillo, 33, a New Jersey resident, guilty to wire fraud affecting a financial institution. Murillo faces a maximum penalty of 30 years in federal prison. A sentencing date has been set for October 1, 2010, at 9:00 a.m. before U.S. District Judge Richard A. Lazzara.

According to facts presented at trial and court documents, Murillo purchased a brand new four bedroom, three car garage Tampa, Florida home (with a pool) for $345,000. She submitted to the lender false tax returns to support her grossly inflated income; her true tax returns reflected an income of as little as $10,395 a year while the false tax returns claimed $96,760. When Murillo was unable to pay her mortgage, she convinced her new neighbors to invest with her their life savings, defrauding them out of hundreds of thousands of dollars.

United States Attorney A. Brian Albritton made the announcement. This case was investigated by the Internal Revenue Service, Criminal Investigation. It is being prosecuted by Assistant United States Attorney Thomas N. Palermo.

This case is a part of the Middle District of Florida’s Mortgage Fraud Initiative, a joint effort by the U.S. Attorney’s Office, and other federal, state, and local law enforcement agencies throughout the Middle District of Florida. It is a “Phase II” case, brought following the initial wave of Mortgage Fraud Initiative prosecutions, the Mortgage Fraud Surge, which occurred over ten months in 2009 and netted more that 100 defendants. Phase II of the Mortgage Fraud Initiative seeks to build upon the Surge, its leads and techniques, to uncover and prosecute increasingly complex mortgage frauds.

Be Sociable, Share!


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>