Real Estate Advisor Sentenced for Fraud and ID Theft

Allison Tussey —  September 21, 2010 — Leave a comment

Nicole Song (a/k/a Paris Samantha Song), 32, most recently of Las Vegas, Nevada, was sentenced to seven years in prison and ordered to pay $1,645,789.23 in restitution for her fraud and identity theft scheme.

Song pleaded guilty to charges of wire fraud, bank fraud, and aggravated identity theft. According to the plea agreement, Song admitted that she abused her position as the financial and real estate advisor for her victim by using the proceeds of multiple real estate refinancings for her own personal benefit. Song also admitted forging her victim’s signature on one loan application, and using her victim’s Social Security Number to obtain numerous fraudulent loans and credit cards. Song agreed at sentencing that the loss to the individual victim exceeded $1.5 million, and that the losses to various banks exceeded $140,000.

Song was indicted by a federal grand jury on Dec. 31, 2009. She was charged with wire fraud in connection with her misuse of refinancing proceeds, bank fraud relating to her submission of fraudulent loan applications, and aggravated identity theft based on her misuse of her victim’s Social Security Number.

The victim, who is 73 years old, has been forced to file bankruptcy as a result of these crimes. All six of the victim’s properties that were refinanced by Song are in foreclosure proceedings.

The sentence was handed down by U.S. District Court Judge Jeffrey S. White following Song‘s guilty plea on one count each of wire fraud in violation of 18 U.S.C. § 1343, bank fraud in violation of 18 U.S.C. § 1344, and aggravated identity theft in violation of 18 U.S.C. § 1028A. Judge White also sentenced the defendant to a five- year period of supervised release, and prohibited her from acting in a fiduciary capacity without prior permission of the U.S. Probation Office. The defendant has been in federal custody since her arrest on Jan. 11, 2010.

United States Attorney Melinda Haag announced the sentencing.

Tracie L. Brown is the Assistant U.S. Attorney who prosecuted the case with the assistance of Rayneisha Booth. The prosecution is the result of an 11-month investigation by the Federal Bureau of Investigation.

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Allison Tussey

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