Real Estate Broker Pleads Guilty to Mortgage Fraud

Allison Tussey —  June 27, 2013 — Leave a comment

Debbie Foust, 60, Hermitage, Tennessee, plead guilty to one count of wire fraud thereby admitting her role in a down payment fraud scheme.

Foust was Indicted on September 12, 2012, in United States District Court, Middle District of Tennessee, on three counts of wire fraud and three counts of money laundering.

Foust, former owner of Century 21 Music City, admitted that she misappropriated funds intended for down payments on real estate transactions.

The defendant is set to be sentenced on September 13, 2013, at 03:00 PM.

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Allison Tussey

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