Sara Cordry, 69, Overland Park, Kansas, was found guilty on Monday of taking part in a scheme to swindle homeowners facing foreclosure with false promises to help them save their homes.
During trial, prosecutors presented evidence that Cordry conspired with co-defendants to take money from victims by fraudulently promising to:
- Lower their interest rates.
- Lower their monthly payments.
- Help them obtain loan modifications.
Investigators identified more than 500 victims in 24 states who suffered a total loss of more than $1 million due to the scheme.
- Tyler Korn, 30, St. Ann, Missouri, who was sentenced to 51 months in federal prison.
- Ruby Price, 74, Bonner Springs, Kansas, who is awaiting sentencing.
- Amjad Daud, 35, Lutz, Florida, who failed to appear at court hearings. A warrant for his arrest has been issued.
Cordry’s sentencing is set for January 9, 2020. She could face up to 30 years in federal prison and a fine up to $1 million on each count.
U.S. Attorney Stephen McAllister made the announcement.
McAllister commended the U.S. Department of Housing and Urban Development – Office of Inspector General, the Federal Housing Finance Agency – Office of Inspector General, the Johnson County District Attorney’s Office, Special Assistant U.S. Attorney Emilie Burdette and Assistant U.S. Attorney Jabari Wamble for their work on the case.