Post by Tony Enriquez / UKIPA Holdings on Feb 27, 2015 19:28:56 GMT 4
Sacramento woman faces federal bank fraud charges
A Sacramento woman accused of submitting fraudulent loan applications for clients, many of whom did not speak English, has been charged with bank fraud.
A federal grand jury in Sacramento returned an eight-count indictment Thursday against Gabriela Carter, 43, according to a U.S. Attorney’s Office news release.
Court documents indicate that, from 2007 through 2008, Carter repeatedly submitted fraudulent loan applications to federally insured financial institutions to obtain real estate loans that her clients were not qualified to receive. In many instances, authorities allege, Carter falsely represented her clients’ income and generated false W-2 forms and pay stubs for various shell companies that did not employ the clients. Many of Carter’s clients were low-income immigrants who did not speak English and were not aware of the false representations, authorities said.
The case resulted from an investigation by the FBI.
Read more here: www.sacbee.com/news/local/crime/article11271503.html#storylink=cpy
A Sacramento woman accused of submitting fraudulent loan applications for clients, many of whom did not speak English, has been charged with bank fraud.
A federal grand jury in Sacramento returned an eight-count indictment Thursday against Gabriela Carter, 43, according to a U.S. Attorney’s Office news release.
Court documents indicate that, from 2007 through 2008, Carter repeatedly submitted fraudulent loan applications to federally insured financial institutions to obtain real estate loans that her clients were not qualified to receive. In many instances, authorities allege, Carter falsely represented her clients’ income and generated false W-2 forms and pay stubs for various shell companies that did not employ the clients. Many of Carter’s clients were low-income immigrants who did not speak English and were not aware of the false representations, authorities said.
The case resulted from an investigation by the FBI.
Read more here: www.sacbee.com/news/local/crime/article11271503.html#storylink=cpy