Mortgage Fraud
According to the Federal Bureau of Investigation in New York, Thomas and Heidi Komasa were charged in a ten-count indictment by a federal grand jury in Burlington County for conspiracy relating to an alleged mortgage fraud scheme. The couple have been released on bond and are awaiting a trial date as they have pleaded not guilty to the charges. The indictment claims that the Komasas provided false information in order to obtain mortgage loans on five (5) separate areas of real estate. It is believed that they bought the properties in the hopes that they could sell them for a higher price once the real estate market strengthened. The Komasas were able to acquire more than $2 million in loans. However, four (4) of the properties the couple purchased went into foreclosure, indicating to the bank that the couple were not qualified for the loans they received and sparking an investigation by the FBI. As a result, they could face a maximum of thirty (30) years in prison and approximately $1 million in fines.
In these types of circumstances, an individual rarely knows that they may have committed a federal crime. Recently, the federal government has become more involved in cases relating to fraud (i.e. bank fraud, mortgage fraud, etc.) due to its economic influences. Anyone could be subject to this type of crime depending on the evidence involved, such as realtors, lenders, investors, etc. In many instances, other individuals involved in the crime may attempt to provide the Government evidence in an attempt to lessen their exposure.
These are the primary reasons that it is important to hire an experienced mortgage fraud attorney that can ensure that the evidence gathered against you is legitimate. A sentencing term is highly dependent on the amount of money involved in the mortgage conspiracy as well as the list of other charges likely to be added into the indictment. A knowledgeable federal attorney would be able to review the Federal Sentencing Guidelines and determine a likely outcome for sentencing.
If you are being investigated for mortgage fraud or have been indicted in a fraud conspiracy, our New York federal attorneys can assist you with your case. Please contact our office for a free consultation at 1-800-94-TRIAL.
