Phoenix realtor pleads guilty to mortgage fraud

Recent Outbreaks Posted on

A Phoenix real estate agent has pleaded guilty in a mortgage fraud scheme that costs lenders almost $10 million.

Federal prosecutors said 31-year-old Jason Thomas Williams pleaded guilty Monday to charges of conspiracy to commit wire fraud.

It was unclear Wednesday when Williams will be sentenced. Prosecutors said he could be facing up to a 30-year prison term.

Three others charged in the same case also have entered guilty pleas while the remaining defendant is scheduled for trial in July.

Prosecutors said that from September 2005 through September 2007, Williams facilitated the submission of mortgage loan applications for unqualified straw buyers that contained false information.

They said Williams and the others concealed cash kickbacks to the straw buyers from lenders.

Legal News Media

Legal News is the top headline legal news provider for lawyers and legalprofessionals. Read law articles and breaking news from law firm's across the United States to get the latest updates. We reserve the right, at our discretion, to change, modify, add, or remove portions of the site at any time. Your This site is solely for your personal use. You are, of course, welcome to print or otherwise copy material from this site for your personal use. However, you may not distribute, exchange, modify, sell or transmit anything you copy from this Site, including but not limited to any text, images, audio and video, for any business, commercial or public purpose. Any unauthorized use of the text, images, audio and video may violate copyright laws, trademark laws, the laws of privacy and publicity and civil and criminal statutes.

 

American Bar Association – Start and Run a Law Firm

NewYorkStateBar.com – Starting a Law Firm

Lawyer Website Designs