Former Bremer employee charged in mortgage case
April 22, 2009
Total Loss:
unknown
A former employee of Bremer Bank was charged Wednesday in a federal indictment with 15 counts of fraud, conspiracy and false document charges arising out of the investigation of a massive mortgage fraud run by Parish Marketing and Development in New Prague, New Market and Lonsdale.
From 2004 to June 2007, federal authorities charge, Eric Jason Sunsdahl, 34, of Rosemount, used his role as a personal banker to submit fraudulent mortgage loan documents to underwriters. The documents misrepresented the financial condition of borrowers, according to the indictment. Sunsdahl got "substantial payments" from a mortgage broker identified as J.R.
Source:
Star Tribune
Posted in:
Internal Fraud