NH Woman Faces Loan Fraud Charge
July 30, 2009
Total Loss:
$290,000
A New Hampshire woman is accused of making fraudulent applications to gather up some $290,000 in loans, federal prosecutors charge. The charge alleges that Paula Philbrook received six different loans from TD BankNorth, Sovereign Bank, First Tennessee Bank and Bank of America, totaling roughly $290,000, between March 2006 and November 2007. Prosecutors allege that she provided documents that overstated her income and assets in a scheme to get the loans by fraud.
Source:
Nashua Telegraph
Posted in:
Internal Fraud