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Alaskan Woman Sentenced for Loan Application Misrepresentations

Wednesday, September 05 2007 04:45

Tequisha M. Johnson, 31, Anchorage, Alaska, was sentenced in federal court to 37 months in prison for her conviction on one count of forgery, one count of computer fraud and one count of bank fraud. Additionally, Johnson is ordered to pay $160,846.68 in restitution and serve five years of supervised release upon her release from prison.

According to information presented to the court by Assistant United States Attorney Tom Bradley, Johnson admitted committing forgery to steal from the Salvation Army; using computer fraud to steal from Easter Seals; and committing bank fraud by lying to Wells Fargo Bank in an attempt to obtain a home mortgage. She was an employee of the Salvation Army and Easter Seals when she stole from them. In her attempt to obtain a loan, Johnson submitted a paystub which indicated she earned $4,000 per payperiod. The paystub did not appear on its face to be an Easter Seal paystub, however Johnson represented that she continued to be employed with Easter Seals at the time of the application process. In fact, she had already been terminated for unlawfully transferring Easter Seals' funds to her personal bank account.

In imposing sentence, United States District Judge Beistline noted that the sentence included an additional ten months because Johnson committed these crimes while released on bail.

3 comments

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  • Comment Link Francine Thursday, September 06 2007 18:10 posted by Francine

    Can you tell me why we are NOT seeing any prosecution of mortgage fraud in Arizona?
    We know it's out here - I've run into several victims myself - and Arizona is something like number 7 in the country for mortgage fraud.
    There's no mention of the widespread fraud in Arizona - Maricopa County particularly - in the main and local papers either. Our DFI is supposed to be investigating these identity and mortgage fraud cases, but all we see is convictions and arrests in other states. Many of the lenders/investors have been victims of internal fraud, as well as title companies, appraisal companies, and innocent citizens here in Arizona. Are they that good that they're not able to be convicted like they are in other states?
    I'm just curious, because I believe that foreclosures are just one part of the total mortgage industry implosion. All kinds of mortgage fraud will be the other shoe that has yet to fall here in Arizona.
    Please advise. Thank you!

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Rachel Dollar Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.
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