Woman Indicted for Mortgage Fraud

Allison Tussey —  March 15, 2011 — Leave a comment

Maxine Williams-Salter, 61, St. Petersburg, Florida, has been indicted on charges alleging that she made misrepresentations in a loan application to obtain a mortgage.

Maxine Williams-Salter is charged with wire fraud in violation of Title 18, United States Code, Section 1343. If convicted on the charge, Maxine Williams-Salter faces a maximum penalty of twenty (20) years in federal prison. The indictment also notifies Williams-Salter that the United States intends to seek a forfeiture money judgment against her, in the amount of $382,500, which represents the proceeds that she obtained as a result of such violation, or forfeiture of the real property located at 546 50th Avenue South, St. Petersburg, Florida, 33705, as a substitute asset for the forfeiture money judgment.

According to the indictment, in October, 2007, Maxine Williams-Salter devised a scheme and artifice to defraud SunTrust Mortgage for a mortgage loan in the amount of $382,500 to purchase a second home located at 5404 Reflections Blvd., Lutz, Florida, 33558. The indictment alleges that Maxine Williams-Salter falsely inflated her income, sources of income, and assets to induce the mortgage loan lender into funding the mortgage loan. The indictment also alleges that the income information she provided to the mortgage company on her loan application was materially different from what was reported to the Internal Revenue Service on her Income Tax Returns.

An indictment is merely a formal charge that a defendant has committed a violation of the federal criminal laws, and every defendant is presumed innocent unless, and until, proven guilty.

United States Attorney Robert E. O’Neill announced the indictment.

This case was investigated by the Federal Bureau of Investigation, the Florida Department of Law Enforcement, and the St. Petersburg Police Department and will be prosecuted by Assistant United States Attorney Matthew H. Perry.

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Allison Tussey

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