Ruby Price, 74, Bonner Springs, Kansas was sentenced today to a year and a day in prison for swindling homeowners facing foreclosure with false promises to help them save their homes
Price was a managing partner of Arize Group, a company based in Overland Park, Kansas. http://www.mortgagefraudblog.com/?s=Ruby+Price
She and co-defendants took money from distressed homeowners by fraudulently promising to:
- Lower their interest rates.
- Lower their monthly payments
- Help them obtain loan modifications.
Price pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud.
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.
