Title Company Owner Arrested for Massive Mortgage Fraud Scheme

admin —  February 17, 2010 — Leave a comment

Lisa Rotolo, Sarasota, Florida, owner of Diamond Title of Sarasota, was arrested for her alleged participation in a massive mortgage fraud scheme.

According to court documents, Lisa Rotolo and others have been involved in wide spread mortgage fraud activities. It is alleged that Rotolo, a title agent, helped facilitate the fraudulent mortgage transactions by a variety of methods, namely falsifying HUD-1 settlement statements, title documents, disbursement worksheets, documents to hide and conceal the true sources of monies and property interest and disbursements of funds.

Rotolo has waived formal indictment.

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