Thomas E. Stringer, Tampa, Florida was sentenced to one year of supervised release for bank fraud. As previously reported on Mortgage Fraud Blog, Stringer had pleaded guilty on July 23, 2009. According to the information, Stringer engaged in a scheme to defraud a bank that loaned him money to purchase a residence in Hawaii. According to court documents, Stringer falsified his mortgage application for the residence by claiming that he had borrowed none of the money he was using for the down payment, when in fact he had borrowed funds from a third party. The conduct that forms the basis for the criminal charge in the information is completely unrelated to Stringer's previous occupation as a judge. From the outset of this case, Stringer has cooperated with government investigators and has accepted responsibility for his actions. Additionally, the loan was re-paid in full.
This case was investigated by the Federal Bureau of Investigation, Tampa Division and prosecuted by Assistant United States Attorney Robert E. O'Neill.
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.