Our Blog

What is Mortgage fraud?

Lorraine Gauli-Rufo is a attorney with who has successfully represented many clients charged with or investigated for .  Mortgage fraud cases are generally prosecuted by the feds under one of the following fraud statutes:  mail fraud (18 USC § 1341), wire fraud (18 USC § 1343),  and bank fraud (18 USC § 1344).  A charge of conspiracy can often be brought in many cases.

As in all criminal charges, the government has the burden of proof, and must prove each and every element of the offense beyond a reasonable doubt. If the government cannot or does not prove every element, there is no conviction.  Under federal law, the punishment for a conviction of mortgage fraud can be as much as 30 years in federal prison, as well as up to a $1,000,000 fine or both.

Although the specific elements of the crime will vary depending upon which statute the government uses in the Indictment or Complaint, the main reasons and allegations the government alleges in the charging documents is one or more of the following:

  • There was a knowing and intentional misrepresentation or omission for the purpose of obtaining a mortgage,
  • There was an over valuing of property, salary or assets to obtain a mortgage
  • There was the use of false information in the mortgage application such as name, address, social security, or other identifying information,
  • The mail or a wire service (fax, western Union and/or other means) were utilized in connection with or to aid in the process of a mortgage application or receipt of documents supporting the application or receipt of a mortgage.

Bank, wire or requires that a person have acted with the intent to defraud or deceive. Thus if the government fails to show that the defendant knew he was deceiving someone or something, there can generally be no conviction.  Or if the defendant establishes a valid defense that shows that she acted in good faith, with no intend to defraud, the government will not be able to prove the charges.

In mortgage fraud cases, it is especially important to retain an experienced federal criminal trial attorney to help defend your rights. If you have been charged with or are being investigated for mortgage fraud, Ms. Gauli-Rufo is the attorney to call or email. She is an experienced New Jersey and New York Federal White Collar Criminal Defense attorney, conveniently located in Manhattan and Northern New Jersey, and serving all New Jersey towns, including Verona, Montclair, Wayne, Little Falls, and Caldwell.


The information provided in this blog entry is general information regarding mortgage and bank fraud law, and is accurate at the time prepared. Criminal law is subject to change because of legal developments and cases decided. You should not rely on this to determine any course of action, but rather, you should consult an attorney directly, who is licensed to practice in state and federal courts in your area.  Ms. Gauli-Rufo is licensed to practice in New Jersey and New York State and federal courts, and other federal courts after filing an application and receiving permission.  You should contact her when first notified of charges, approached by federal agents, or notified of an ongoing investigation.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact & Location

Consultation by Appointment:

In New Jersey:
130 Pompton Avenue
Verona, New Jersey 07044

973-239-4300

In New York:
48 Wall Street, 5th Floor
New York, NY 10004

646-779-2746

Testimonials

I had used her once in criminal at Essex family court, and she was awesome, smart, and took care of me on point. I also used her for driving points and no disappointments straight on the ball game… she is fantastic. I will recommend her to anyone.

Stephen

Follow me on Twitter

Copyright 2014-2016 | Website Development by Lisa Drew | Websites for a Song

Member of New Jersey Bar Association, National Association of Criminal Defense Attorneys, New Jersey Women Lawyers Association,
Federal Bar Association, ACDLNJ and AFBNJ
DISCLAIMER - Nothing contained in this website should be construed as offering legal advise, establishing an attorney-client relationship,
or promising any outcome in a criminal matter.

Super Lawyers, which is a Thomson Reuters business, is company that rates outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made on a state-wide basis, using a patented multi-phase process that includes a  survey of lawyers in each state, an independent research evaluation of candidates and peer reviews by practice area. The result is a comprehensive, reliable  and diverse listing of exceptional attorneys. The Super Lawyers lists are published nationwide in Super Lawyers Magazines and in leading city and regional magazines and newspapers across the country. For more information about Super Lawyers, go to SuperLawyers.com.©2017 Super Lawyers®, Super Lawyers is a registered trademark of Thomson Reuters.