licensed real estate agent and her husband charged with conspiracy and bank fraud | USAO-MDFL

Orlando, Florida – United States Attorney Roger B. Handberg the return by a grand jury of an indictment charging Maria Del Carmen Montes (46, Kissimmee) with one count of conspiracy to commit fraud banking, four counts of bank fraud and one count of aggravated identity theft fraud. If convicted, Montes faces a maximum sentence of 30 years in federal prison for conspiracy, up to 30 years for each count of fraud, and a mandatory 2-year prison sentence for the count of identity theft. worsen. The indictment also charges Montes’ husband, Carlos Ferrer (45, Kissimmee), with one count of conspiracy to commit bank fraud and three counts of bank fraud. If convicted, Ferrer faces a maximum sentence of 30 years in prison for the conspiracy count and up to 30 years in prison for each count of fraud.

According to the indictment, Montes and Ferrer conspired to create and execute a mortgage fraud scheme targeting financial institutions. To ensure that the otherwise unqualified borrowers she represented as a licensed real estate agent were approved for mortgages, Montes created fictitious and fraudulent pay stubs and IRS W-2 forms on behalf of companies. for which his clients had never worked. The false income documents incorrectly stated that his clients had worked at these companies, including companies formed and controlled by Ferrer, for a period of time and had earned income that they did not have. Montes submitted the mock pay stubs and W-2s she created to financial institutions who relied on them to make underwriting decisions. Further, Montes used its clients’ personal identifying information on these documents without their knowledge or permission.

In order to further deceive mortgage lenders, Montes and Ferrer recruited a co-conspirator working at a company listed on some fake pay stubs and W-2s to falsely certify verifications of employment (VOE) sent by financial institutions and instructed the co-conspirator to lie to the end institutions when they called to further verify the borrower’s employment. Ferrer and Montes sent the false and fictitious pay stubs and W-2s to the co-conspirator so that the co-conspirator could put the false information on the VOEs before certifying, signing and returning it to financial institutions . Ferrer also falsely certified and emailed VOEs sent by the financial institution on behalf of borrowers whom he knew were not working for his companies and had lied to banks during verbal verifications of VOE. Based on Montes and Ferrer’s misrepresentations, financial institutions approved and funded the mortgages.

An indictment is simply a formal accusation that an accused has committed one or more violations of federal criminal law, and each accused is presumed innocent unless and until proven guilty.

This matter was investigated by the Federal Housing Finance Agency – Office of Inspector General, the US Department of Housing and Urban Development – ​​Office of Inspector General and the Federal Bureau of Investigation. He will be prosecuted by Special Assistant United States Attorney Chris Poor.

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