Miami Woman Sentenced in Connection with $1 Million Mortgage Fraud Scheme

Jeffrey H. Sloman, Acting United States Attorney for the Southern District of Florida, and Michael J. Folmar, Acting Special Agent in Charge, Federal Bureau of Investigation, announced today that defendant Adriana Cruz, 27, of Miami, was sentenced by United States District Judge Alan S. Gold on September 18, 2009, for her role in a mortgage fraud scheme that resulted in the granting of two fraudulent home equity loans totaling approximately $1 million. Cruz received a sentence of 15 months' imprisonment and, following her prison term, 36 months of supervised release. Judge Gold also ordered Cruz to pay $796,701.65 in restitution. Cruz had entered a guilty plea to an indictment that charged her with conspiracy to commit bank fraud in violation of Title 18, United States Code, Section 1349. Posted in: Account Takeover Identity Theft