Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Three plead guilty to bank fraud conspiracy

June 9, 2011
Total Loss: Unknown

An Edgewood woman, her brother and her boyfriend have pleaded guilty to a bank-fraud scheme involving fraudulent loans, the Maryland U.S. attorney's office said Wednesday.

Latesha Brown, 26, was the ringleader of the effort to use false, modified or stolen identities to get loans from credit unions that employed her, according to the plea agreements. From 2007 through 2010, she accepted forged birth certificates, false vehicle invoices and other fraudulent documents to process or facilitate auto loan applications for herself; her boyfriend, Christopher Houston, a 34-year-old from Edgewood; and her brother, Donald Brown, a 31-year-old from Elkton, the U.S. attorney's office said.

Source: Baltimore Sun
Posted in: New Account Fraud
Tags: bank fraudloan fraudforgery