Man Gets 10 Years for Submitting False Loan Applications

Allison Tussey —  September 15, 2010 — 4 Comments

Manuel Ruiz Quiroz, 43, Miami, FLorida, was sentenced by U.S. District Court Judge K. Michael Moore to 120 months in prison.

Quiroz was convicted by a jury in June 2010 on two counts of mail fraud in connection with his submission of loan applications and false supporting documents to obtain mortgages to refinance and purchase two homes in Port St. Lucie, Florida. The two closings took place on February 10, 2006.

According to the evidence presented at trial, Quiroz provided false information on the loan applications regarding his employment, income, and personal assets in order to obtain more than $400,000 in mortgage loans. Quiroz procured and submitted false pay stubs, W2 tax forms, and forged bank statements that inflated his personal account balance, thus qualifying him for the loans. In addition to the two transactions in February 2006, the evidence showed that Quiroz had engaged in the same type of fraud in connection with another home purchase in January 2005.

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Daniel W. Auer, Special Agent in Charge, Internal Revenue Service (IRS), Criminal Investigative Division, and Mark R. Trouville, Special Agent in Charge, U.S. Drug Enforcement Administration, Miami Field Division, announced the sentecing.

Mr. Ferrer commended the IRS Criminal Investigation Division for its work on this case. Mr. Ferrer also commended the Port St. Lucie Police Department and the Drug Enforcement Administration for their assistance. In addition, Mr. Ferrer thanked Credit Suisse, JP Morgan Chase, Saxon Mortgage, Bank of America, and TD Bank (formerly Riverside National Bank) for their cooperation during this investigation. The case was prosecuted by Assistant U.S. Attorney Theodore Cooperstein.

Be Sociable, Share!

Allison Tussey

Posts Google+

4 responses to Man Gets 10 Years for Submitting False Loan Applications

  1. Bank’s aside since this is obviously a sore spot for you … the bottom line is that this person committed fraud … twice. They were caught and are going to jail as they should.

    I do agree that sentences for some others are weak in comparison but this type of behavior needs to be punished to hopefully prevent others from doing it.

    Would you have the government ignore this?

  2. Please send this to everyone you know and together we will change this country.

  3. I stand up and clap for this statement September 15, 2010 at 12:56 pm

    Silence dogood………I am standing up and clapping for this comment…..Govt= liars and criminals …….. and 10 years, you can kill someone or rape a child and get 5 years

  4. Now, here’s the best part:

    One could argue that the U.S. Government has the right to prosecute Mr. Quiroz based on evidence that he falsely claimed certain levels of income to induce the mortgage loans, right? Wrong, if the banks felt like they were defrauded why didn’t they hire an attorney? If the banks loaned money they didn’t actually own themselves, how are they the victim? If the Federal Reserve is NOT PART OF the U.S. Government, how (and why) is the U.S. Government paying millions in tax dollars to prosecute cases for the Banks (Federal Reserve).

    Shouldn’t the Federal Reserve do its own bidding? Don’t we already pay enough in taxes without paying corrupt attorneys and judges to make the banks more rich by prosecuting WE THE PEOPLE? WAKE UP! THE BANKS ARE BORROWING MONEY FROM US, AND LOANING IT BACK TO US CHARGING INTEREST.

    I’ll end my comment by quoting Thomas Jefferson, who warned us over 200 years ago:

    I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

    Thomas Jefferson, (Attributed)
    3rd president of US (1743 – 1826)

    If this were colonial times I would say: “let’s storm the boardrooms of the banks, the court rooms and offices of the attorneys, take the scoundrels out to a field and treat them like they’ve committed treason. Because, in my opinion, they have.

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> 

*