Guilty Plea Entered in Case Involving $245,981 in Losses

Allison Tussey —  December 27, 2010 — Leave a comment

Denise Baskerville, Newark, New Jersey, an administrative assistant for M.T. Real Estate Development, Inc., pled guilty to conspiracy to make false statements. Baskerville was sentenced to 3 years probation, restitution in the amount of $169,782.18 and a special assessment fee of $100.00.

According to the plea agreement, Baskerville and others created and submitted false and fraudulent documents used by unqualified borrowers to obtain FHA-insured mortgages. Losses to HUD as a result of the 16 mortgage defaults was $242,981.

Be Sociable, Share!

Allison Tussey

Posts Google+

No Comments

Be the first to start the conversation.

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> 

*