Former Judge Agrees To Plead Guilty To Mortgage Fraud

Allison Tussey —  July 24, 2009 — 1 Comment

Thomas E. Stringer, Tampa, Florida, has been charged with one count of bank fraud, along with a signed plea agreement concerning the criminal information. If convicted, Stringer faces a maximum penalty of thirty years in federal prison. However, because it appears that no one sustained a loss from the commission of the crime, the relevant sentencing guidelines contemplate the imposition of a non-custodial sentence. The information also notifies Stringer that the United States intends to seek forfeiture of $222,362.00, the amount of the proceeds from the alleged fraud.

According to the information, Stringer engaged in a scheme to defraud a bank that loaned him money to purchase a residence in Hawaii. The information alleges that Stringer falsified his mortgage application for the residence by claiming that he had borrowed none of the money he was using for the down payment, when in fact he had borrowed funds from a third party.

The conduct that forms the basis for the criminal charge in the information is completely unrelated to Mr. Stringer’s previous occupation as a judge. From the outset of this case, Stringer has cooperated with government investigators and has accepted responsibility for his actions. Additionally, the loan was re-paid in full.

United States Attorney A. Brian Albritton made the announcement.

An information is merely a formal charge that a defendant has committed a violation of the federal criminal laws, and every defendant is presumed innocent unless, and until, proven guilty.

This case was investigated by the Federal Bureau of Investigation, Tampa Division. It is being prosecuted by Assistant United States Attorneys Robert E. O’Neill and Anthony Porcelli.

Be Sociable, Share!

Allison Tussey

Posts Google+

One response to Former Judge Agrees To Plead Guilty To Mortgage Fraud

  1. United States Attorney’s Office has opened a Criminal Federal Investigation into Bankrupt California Builder/Developer RW Hertel & Sons, Inc. and its two owners Ron W. Hertel and partner Robert JS Fowler. FBI and IRS Special Agents have began a Federal Criminal Investigation into their many financial, Tax and Defaulted loans and failure to pay taxes and banks on millions of dollars of loans. The State of Californina has revoked their license and a citation is pending against them recently it was learned in a Federal Sworn testimony that over $ 145 Million dollars in defaulted loans has occurred, on 7-29-09 Both Mr. Hertel and Mr. Fowler have been order to appear in a federal hearing in Santa Barbara to answer question under oath. The Federal investigations may led to Indictments soon.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>