FRESNO, Calif. — A federal grand jury has returned an indictment against Antonio López Velázquez, 55, a German of Modesto. Marco Antonio Lopez of Modesto, 27 years old. Lisa Marie Santos, 48, of Long Beach has charged them with bank fraud and conspiracy to commit bank fraud, U.S. Attorney Philip A. Talbert said.
Lopez Velázquez was also charged with witness tampering. He allegedly tried to persuade individuals to make false statements to law enforcement officers regarding mortgages under investigation.
Real estate agent Lopez Velázquez and Lopez are working with mortgage officer Santos to crack down on fraudulent homes on properties based in Stanislaus, San Joaquin and Santa Clara counties, among others, according to court documents. got a loan. The three used false documents, fictitious companies, and fictitious individuals to obtain mortgages for ineligible borrowers. In total, Defendant had lenders issue at least 30 loans based on false information, with a total principal loan balance of over $10 million.
The case is the result of an investigation by the Federal Housing Finance Agency – Office of the Inspector General (FHFA-OIG), the US Department of Housing and Urban Development – Office of the Inspector General (HUD-OIG), and the US Postal Inspection Service. (USPIS). US Assistant U.S. Attorney Jeffrey A. Spivak is prosecuting the case.
“The FHFA-OIG is committed to holding accountable those who waste, steal, or abuse the resources of government-backed companies regulated by the FHFA, and the defendants have been charged with fraud,” the FHFA said. Special Agent in Charge Jay Johnson said. -OIG, Western Regional Office. “We are working with the U.S. Department of Justice and our law enforcement partners in this case to investigate and hold those who seek to victimize the government-sponsored corporations overseen and regulated by the FHFA-OIG to account. We are proud to once again prove the FHFA.
“This case demonstrates HUD OIG’s commitment to track down and bring to justice those who have compromised federal programs such as the FHA Mortgage Insurance Fund for their own benefit,” said the HUD OIG Bureau of Investigation. Special Agent Mark T. Kaminski said: “HUD OIG continues to work with our law enforcement partners and the Eastern District of California U.S. Attorney’s Office to investigate and hold those responsible for mortgage fraud in Central California to account. .”
If convicted, the defendants face up to 30 years in prison and a $1 million fine for bank fraud and conspiracy to commit bank fraud. If convicted, Lopez Velázquez faces up to 20 years in prison and he could be fined $250,000 for tampering with witnesses. However, the sentence will be determined at the court’s discretion after considering applicable statutory factors and federal sentencing guidelines, which take into account many variables. A charge is just an allegation. A defendant is presumed innocent until proven guilty beyond a reasonable doubt.
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