Roland Smith, 41, pleaded guilty before U.S. District Chief Judge Garrett E. Brown, Jr., to one-count Information that charges him with bankruptcy fraud.
According to Ralph J. Marra, acting United States Attorney for the District of New Jersey, on Oct. 31, 2003, Smith obtained a $137,750 mortgage loan using a false name and social security number. Smith admitted that on the loan application for the Jersey City property, he indicated that his name was “Ronald Smith.”
Later on Smith defaulted on the mortgage payments and foreclosure proceedings commenced by the mortgage lender. Smith filed a bankruptcy petition under the false name and social security number in an attempt to reorganize and discharge the fraudulently-obtained debt.
Judge Brown continued the defendant’s release on a $150,000 bond pending sentencing, which is scheduled for Dec 7, 2009
_________________
Mortgage Loan Compliance®
www.ml-compliance.com
Commercial and Residential Audits, Demand Letters, and Rapid Reports™ – Get The Facts on Your Loan and Protect Your Rights!
No comments:
Post a Comment