Mortgage Fraud Sends Woman to Prison

admin —  August 9, 2010 — 1 Comment

Emma Jean Holmes, 52, Kansas City, Missouri, has been sentenced to 12 months and one day in federal prison on mortgage fraud charges.

Holmes was tried in U.S. District Court in Kansas City, Kansas, and found guilty March 5, 2010, on one count of conspiracy to commit mortgage fraud, one count of mail fraud and one count of money laundering. Co-defendant Wildor Washington, Sr., was tried and found guilty February 26, 2010, on the same counts.

During trial and as previously reported on Mortgage Fraud Blog, prosecutors presented evidence that Holmes and Washington devised a scheme to obtain mortgage loans by submitting loan applications that grossly overstated Holmes’ income, falsely stated that Holmes intended to live in the homes, and falsely stated Holmes was using her own money to make the down payment. In fact, Holmes never intended to occupy the properties and the money for the down payment was coming from other conspirators. Holmes applied for loans on properties in the 7900 block of W. 155th Place, Overland Park, Kansas, the 7800 block of W. 155th Pace, Overland Park, Kansas, and the 15700 block of Birch Street, Overland Park, Kansas. On the applications, she claimed to have a monthly income of more than $7,800 to $8,300 when in fact her income was approximately $3,000 a month.

U.S. Attorney Lanny Welch made the announcement. Welch commended the Internal Revenue Service, the U.S. Secret Service, the U.S. Trustee’s Office, the Johnson County Sheriff’s Office, Assistant U.S. Attorney Chris Oakley and Assistant U.S. Attorney Marietta Parker for their work on the case.

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One response to Mortgage Fraud Sends Woman to Prison

  1. When will we find out what we are getting from the lawsuit from Countrywide. Since then BAC would not let me refinance , why ? Just when we hear something.

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