Man Arrested for Falsifying Verifications of Deposit

Allison Tussey —  December 16, 2010 — 3 Comments

Jaime Vaca, 42, Fort Lauderdale, Florida, was arrested December 13, 2010, on mail fraud charges, in violation of Title 18, United States Code, Section 1341. Vaca made his initial appearance in court before U.S. Magistrate Judge Linnea Johnson.

According to the indictment, Vaca was employed at Sun Trust Bank. In February 2005, Vaca allegedly provided false Verification of Deposit forms for borrowers submitting mortgage loan applications through The Lending House Inc., a mortgage brokerage firm located on North Federal Highway, Fort Lauderdale, Florida. The indictment alleges that The Lending House paid Vaca approximately $1500.00 for providing fraudulent Verification of Deposit forms for The Lending House borrowers, which were ultimately submitted to mortgage lending companies.

If convicted, Vaca faces a maximum statutory term of imprisonment of up to 30 years and up to 5 years of supervised release.

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Henry Gutierrez, Postal Inspector in Charge, U.S. Postal Inspection Service, J. Thomas Cardwell, Commissioner, State of Florida Office of Financial Regulation, and Amos Rojas, Special Agent in Charge, Florida Department of Law Enforcement (FDLE), Miami Field Office, announced the arrest.

Mr. Ferrer commended the investigative efforts of the U.S. Postal Inspection Service, FDLE, and State of Florida Office of Financial Regulation. The case is being prosecuted by Assistant U.S. Attorney Laurie Rucoba.

An indictment is only an accusation and a defendant is presumed innocent until proven guilty.

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3 responses to Man Arrested for Falsifying Verifications of Deposit

  1. My boyfriend submitted altered papers with his mortgage application for the home he purchased in Biloxi, MS. His divorce papers state that he shall pay $1700.00 each month to his ex-wife for child support payments. On the paper he submitted, he changed the child support statement to say that his ex-wife had waived all rights to child support from him. Is this considered mortgage fraud on his part? The loan is an FHA loan for the purpose of purchasing a foreclosed house. What is my responsibility with reporting such abuse? Can I be held liable for not reporting? Any advice will be appreciated. Thank you.

  2. That’d be twice the charge. Forgery and that kind.

  3. 1. You boyfriend has committed mail fraud and will commit wire fruad when this loan funds. If he cannot afford the house payment and the required $1,700, he will eventually default on the loan. It’s time to call HUD and let them know of this situation. If he is willing to steal from a bank, he is willing to steal from you, too.

    2. This is a good time that you witnessed is lack of character. Dishonesty is not a trait that you would wish to marry or be associated with?

    Do the right thing, report and leave this child in the dust…

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