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Home >> News >> Government >> Latest Mortgage Fraud Cases Involve Onetime Exec
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Latest Mortgage Fraud Cases Involve Onetime Exec

Latest Mortgage Fraud Cases Involve Onetime Exec

Instances of mortgage fraud popped up last week, with one woman joining two co-conspirators in a conviction and another facing a fresh indictment for her role in criminal activity.


_MReport_ culled the latest fraud stories from the ""FBI"":http://7thspace.com/headlines/408185/modesto_developer_arrested_in_mortgage_fraud_scheme.html and ""_Orlando Sentinel_"":http://www.orlandosentinel.com/news/local/fl-parkland-mortgage-fraud-20120315,0,5570639.story.


The _Sentinel_ offered up the story of Michelle Austin-Wilks, which it said received four counts of wire fraud with the potential for 30 years in the slammer for each conviction.

She joined Jinnie Mathurin and Guhier Florvilus in guilty pleas, according to the newspaper, with the former ordered by a judge to restitte $1.17 million to victims.

Wilks had served as president and director of Direct Title & Escrow Services, Inc., a role she used to conspire with Mathurin and Florvilus to score high-value mortgage loans with fraudulent applications and closing statements, the _Sentinel_ reports.

Thousands of miles away, in California, Aruna Kuman Chopra received indictments that included two counts of wire fraud and two of aggravated theft, according to the FBI.

According to the agency, Chopra allegedly concealed information about pre-existing liens from the city of Modesto in a proposal for a Communities Funding District.

If convicted, she could face 20 years in prison and a maximum fee of $250,000 or more, the agency said.

About Author: Ryan Schuette

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Ryan Schuette is a journalist, cartoonist, and social entrepreneur with several years of experience in real-estate news, international reporting, and business management. He currently lives in the Washington, D.C., area, where he freelances for DS News and MReport.

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