Kristopher Robbins, 27, New Market, Minnesota, was charged with conspiracy to commit mortgage fraud in a criminal Information just two weeks ago. Robbins has now pled guilty to the one count Information.
According to the Information, between 2003 and May of 2007, Robbins knowingly and intentionally conspired and agreed with other individuals to participate in a mortgage fraud scheme to defraud and obtain money by false pretenses. The contents of the plea agreement were not currently available. According to Media Reports, Robbins was a part of a fraud scheme that involved 200 homes and $50 million in losses.
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.