Fraudulent Documents Basis of Vermont Indictment

Rachel Dollar —  June 29, 2016 — Leave a comment

Alison Gu, a/k/a “Alison Ling,” “Ally Koo,” “Ai J. Chen,” “Ai Jen Chen,” “Ai Chen,” “Jing Shao,” “Yijing Gu,” “Yijing Lin,” “Alison Yi Gu,” was indicted by a federal grand jury in Vermont on June 16 2016 and charged with bank fraud, false statements and fraud with identification documents.

According to the indictment between March 2015 and September 2015, Gu executed a scheme to defraud financial institutions to obtain funds through submission of mortgage loan applications and refinancing applications containing false information. According to the indictment, Gu established false identities using the social security number of a deceased individual, submitted altered bank statements, forged employment identification forms, forged pay statement and a forged IRS W-2 form.  In addition, she submitted to Emigrant Mortgage Company false information regarding the actual identities of loan applicants, a forged signature of a U.S. consular official in Beijing, China, purporting to vest power of attorney in the name of one of the loan applicants, false visa identification information and a false certification of a non-existent accountant in China purporting to verify income.  Gu obtained mortgage loan of $417,000 from the Bank of Bennington, $230,250 from the First National Bank of America and $412,400 from Emigrant Mortgage.

The indictment also contains a forfeiture allegation, seeking forfeiture of, among other things, 389 Read Farm Road, Dorset, Vermont; 385 Cedar Avenue, Cocoa Beach, Florida; and 6 Old Snow Valley Road, Winhall, Vermont.

Gu’s arraignment was scheduled for June 29, 2016.

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