March 1, 2024

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Licensed Real Estate Agent And Her Husband Charged With Conspiracy And Bank Fraud | USAO-MDFL

3 min read
Licensed Real Estate Agent And Her Husband Charged With Conspiracy And Bank Fraud | USAO-MDFL

Orlando, FL –United States Lawyer Roger B. Handberg the return by a grand jury of an indictment charging Maria Del Carmen Montes (46, Kissimmee) with one particular count of conspiracy to dedicate financial institution fraud, four counts of lender fraud and a single rely of aggravated id theft.  If convicted, Montes faces a greatest penalty of 30 several years in federal jail on the conspiracy rely, up to 30 a long time for every single fraud count, and a obligatory penalty of 2 years’ imprisonment for the aggravated identification theft count. The indictment also charges Montes’ husband Carlos Ferrer (45, Kissimmee) with one particular rely of conspiracy to commit lender fraud and a few counts of financial institution fraud.  If convicted, Ferrer faces a highest penalty of 30 many years in jail for the conspiracy depend, and up to, 30 years’ imprisonment for each fraud depend.

In accordance to the Indictment, Montes and Ferrer conspired to produce and executed a house loan fraud scheme concentrating on fiscal institutions. To make certain that in any other case unqualified debtors she was representing as a certified realtor had been accepted for home finance loan financial loans, Montes made fictitious and fraudulent paystubs and IRS Sort W-2s in the names of companies for whom her clientele had never labored. The bogus cash flow files falsely indicated that her shoppers experienced labored at these organizations, including firms fashioned and managed by Ferrer, for a selected time period of time and earned income that they did not. Montes submitted the fictitious paystubs and W-2s she created to the monetary institutions who relied on them when generating underwriting conclusions. In addition, Montes utilized her clients’ individually determining data on these files with out their understanding or authorization.

In order to even further deceive the house loan lenders, Montes and Ferrer recruited a co-conspirator working at a enterprise shown on particular bogus paystubs and W-2s to falsely certify Verifications of Work (VOEs”) despatched by the monetary institutions and instructed the co-conspirator to lie to the remaining establishments when they identified as to even more verify the borrower’s work. Ferrer and Montes sent the fake and fictitious paystubs and W-2s to the co-conspirator so the co-conspirator could put the bogus information on the VOEs right before certifying, signing, and returning them to the money institutions. Ferrer also falsely certified and emailed VOEs despatched by the economic establishment in the names of borrowers that he knew did not work for his organizations and lied to the financial institutions for the duration of verbal VOE checks. Based on Montes’ and Ferrer’s misrepresentations, the economical institutions accepted and funded the property finance loan financial loans.

An indictment is merely a official charge that a defendant has committed just one or more violations of federal felony legislation, and each individual defendant is presumed harmless until, and until, tested guilty.

This scenario was investigated by the Federal Housing Finance Company – Place of work of Inspector Standard, the U.S. Division of Housing and City Progress – Business of Inspector Basic, and the Federal Bureau of Investigation.  It will be prosecuted by Particular Assistant United States Lawyer Chris Very poor.

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