Fraudster Sentenced to 2 years in Prison

Allison Tussey —  December 20, 2010 — 1 Comment

Rito Miguel Diaz, Jr, has been sentenced by Judge Philip S. Gutierrez to the custody of the Bureau of Prisons for 24 months as charged in Count One of the Four-Count sealed Indictment. Diaz, Jr was also sentenced to supervised release for three years, a special assessment of $100, and ordered to pay restitution in the amount of $1,254,667. Diaz, Jr was found jointly and severally liable with co-participants, Rito Miguel Diaz and Rosemary Diaz, for the amount of restitution ordered.  Diaz Jr was remanded at the sentencing hearing to immediately begin serving his sentence.

Diaz Jr pled guiltyto the indictment on December 14, 2006.  According to the indictment, Diaz, Jr, and Rito Miguel Diaz, Sr, were real estate agents for Familia Realty, Realty World, or Network Realty. From September 1998 to January 2002, Diaz Sr and Diaz Jr, along with their mother Rosemary Diaz, provided or created fraudulent identification, employment, credit and other documents used by unqualified borrowers to obtain FHA-insured mortgages. HUD realized losses in excess of $900,000 after 18 mortgages defaulted.

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Allison Tussey

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One response to Fraudster Sentenced to 2 years in Prison

  1. I HOPE SOMEONE IN WASHINGTON READS THIS.IN HARRIS COUNTY TEXAS IS THE GREAT COMMUNITY OF PINE VILLAGE NORTH.THERE IS A PERSON WITH SAME LAST NAME AS IS NAMED IN YOUR ARTICLE,THIS PERSON WITH THE COLLUSION OF OTHERS (ONE A LAWER!!) AND A SCAM ARTIST FROM MONGOMERY COUNTY TEXASS FLIPED PROPERTIES USED FALSE APPRASIALS TO GET LOANS ON TOWNHOMES. 213 TOWNHOMES!! NOW COMES THE SAME OLD STORY, HE DID NOT MAKE THE PAYMENTS!! FOLKS, IT IS EASY TO TRACK THE SCAMERS,GO TO YOUR PUBLIC RECORDS,LAY THEM OUT BY THE DATE,CHECK THE NAMES FOR CRMINAL HISTORY AND A LOT OF THE SCAMERS WILL RUN LIKE HELL.IF YOU SUSPECT SOMETHING IS NOT RIGHT AND YOU KNOW THE PEOPLE INVOLVED,YOU ARE MOST LIKELY CORRECT.NOW TRY AND GET THE APPROPRIATE AGENCYS INTERESTED.GOOD LUCK.I STILL HAVE A RECORDING OF CITI TELLING ME THEY ONLY LOST 1.5 MILLION ON THIS GUY.ITS YOUR MONEY SO GET MAD AS HELL. GEORGE UBER USN RET.

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