Two Convicted of Delray Beach Bank Fraud and Wire Fraud
February 21, 2014
Last week, a South Florida federal jury convicted a man and a woman of conspiracy, bank fraud and wire fraud charges. They will be sentenced mid-April.
The trial revealed an elaborate housing fraud scheme that was centered around a vacant coin laundry.
The Ledger is reporting that trial testimony showed the pair used the empty coin laundry address to establish a “legitimate” front for variety of fake companies. Evidence showed that the duo falsified documents to obtain bank loans to invest in low-income neighborhoods. Then they enrolled the properties in U.S. Housing and Urban Development low-income programs to receive money from government vouchers.
Have you been arrested for fraud or another white collar crime in Palm Beach County? The Delray Beach criminal defense lawyers at Whittel & Melton are experienced trial attorneys who will fight to protect your rights, regardless of the specific charges you may face. Our attorneys have experience defending federal offenses and white collar crimes throughout Florida, and because we are former prosecutors ourselves, understand what it takes to successfully defend a case in Florida State and Federal Court.
Call us today at (561) 367-8777 to discuss your case.