Tahmeane Elrod, 47, Tyler, Texas, has pleaded guilty to mortgage related fraud in the Eastern District of Texas. A federal grand jury returned an indictment on May 6, 2009, charging Elrod with conspiracy to commit wire fraud.
According to information presented in court, in September 2007, Elrod devised a scheme to defraud mortgage financing companies by submitting false documents in order to qualify for mortgages for the purchase of a residential property. Elrod falsely inflated levels of earned income and forged signatures on a Request for Verification of Employment form as part of a loan application package. Elrod faces up to 5 years in federal prison at sentencing. A sentencing date has not yet been set.
This case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Frank Coan.