Former Phoenix Loan Officer Pleads Guilty to $40 Million Mortgage Scam
June 2, 2011
Total Loss:
$40 Million
Phoenix resident Paige Kinney, aka JaimeLee Lawler, 42, pleaded guilty in two separate cases in federal district court on Friday. In one case, Kinney admitted to her leadership role in a $40 million mortgage fraud involving Countrywide Home Loans, and in the second case, she admitted to committing bankruptcy fraud, bank fraud, and mail fraud.
“This defendant’s fraudulent activities were pervasive—she targeted financial institutions, she undermined the integrity of the bankruptcy court, and she stole from an insurance company,” said U.S. Attorney Dennis K. Burke.
Source:
Loan Safe
Posted in:
Internal Fraud