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

New Jersey Mortgage Loan Officer Sentenced to 70 Months in Prison for Role in Mortgage Fraud Scheme

May 5, 2011
Total Loss: $2 Million

A former New Jersey loan officer was sentenced today to 70 months in prison in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, N.J., U.S. Attorney Paul J. Fishman announced.

Amer Mir, 42, of Jersey City, N.J., was previously convicted in December 2009 after a five-week jury trial of wire fraud and conspiracy to commit wire fraud before U.S. District Judge Jose L. Linares. Judge Linares also imposed the sentence today in Newark federal court.

Source: FBI
Posted in: ACH and Wire Fraud
Tags: wire fraudbank fraudmortgage fraud