Archive
Posts Tagged ‘mortgage fraud’
Atlanta area woman gets prison for mortgage fraud www.privateofficer.com
November 12, 2008
Leave a comment
Atlanta area woman gets prison for mortgage fraud http://www.privateofficer.com
ATLANTA GA. NOV 12 2008
By: Bryan Hill
NTL. ASSOC. PRIVATE OFFICERS
www.privateofficer.com A 40-year-old suburban Atlanta woman has been sentenced to more than 11 years in federal prison for her role in a multimillion dollar mortgage fraud scheme.
A federal jury in Atlanta found Adriene Newby-Allen of Alpharetta guilty in July of pocketing millions from fraudulently inflated mortgage loans to unqualified buyers from 2004 to 2006.
One of those buyers was her husband, Brinson Allen, who was found guilty of fraud in July.
NTL. ASSOC. PRIVATE OFFICERS
www.privateofficer.com A 40-year-old suburban Atlanta woman has been sentenced to more than 11 years in federal prison for her role in a multimillion dollar mortgage fraud scheme.
A federal jury in Atlanta found Adriene Newby-Allen of Alpharetta guilty in July of pocketing millions from fraudulently inflated mortgage loans to unqualified buyers from 2004 to 2006.
One of those buyers was her husband, Brinson Allen, who was found guilty of fraud in July.
His sentencing has not been set.
Newby-Allen was sentenced to 135 years in prison and five years of probation and must pay $5.3 million in restitution.
Authorities said that Allen preyed on the underqualified in her scheme and lured them into thinking that regardless of their poor credit rating that she would get them qualified for mortgages which she did but at inflated home prices and financing.
Authorities said that Allen preyed on the underqualified in her scheme and lured them into thinking that regardless of their poor credit rating that she would get them qualified for mortgages which she did but at inflated home prices and financing.
================================================
JOIN THE NATIONAL ASSOCIATION OF PRIVATE OFFICERS
JOIN THE NATIONAL ASSOCIATION OF PRIVATE OFFICERS
Sign up;adminassist@privateofficer.com
Join us at www.myspace.com/privateofficernews
Come be part of our social network! http://www.privateofficer.
Join us at www.myspace.com/privateofficernews
Come be part of our social network! http://www.privateofficer.
Categories: courts
adriene newby-allen, atlanta georgia, loss prevention agent, loss prevention association, mortgage fraud, national association of private officers, security association, security guard, security guard association, security guard training, security officer, security officer assaociation, security police association, security training, www.privateofficer.com
