Posted on 07/17/2010 1:11:03 PM PDT by freespirited
King County prosecutors have filed theft charges against six members of a Bellevue mortgage company accused of helping illegal immigrants obtain home loans.
In charging documents, prosecutors claim the bulk of Casalinda Mortgage's business came from illegal immigrants to whom firm employees had given false Social Security numbers.
State regulators and the Secret Service launched an investigation into the business in July 2007 following an anonymous tip to the Department of Financial Institutions. Six people -- all related by blood or marriage -- have now been charged with felony theft.
"The evidence showed that Casalinda employees knew that many of their client-applicants were themselves illegal aliens without valid Social Security numbers, and nevertheless intentionally listed false Social Security numbers on the loan applications in order to get the borrower qualified for the loan," a Secret Service agent on the case told the court.
"In essence," he added, "Casalinda Mortgage was a 'mortgage mill' for fraudulent buyers."
According to charging papers, documents seized during a November 2008 showed that about 74 percent of Casalinda's loans made between April 2007 and October 2008 were fraudulently obtained, amounting to about $14.9 million in loans, according to charging documents. Those loans accounted for about $550,000 in premiums and fees for Casalinda employees.
Prosecutors claim Casalinda employees grossly exaggerated income in one case, telling a bank that a man earning $700 a month was making $4,380.
Writing the court, investigators contend several of the accused bilked borrowers through exorbitant fees or inflated interest rates.
To obtain licenses to originate the loans, employees at the firm used Social Security numbers issued to others on applications to the state Department of Financial Institution, according to charging documents. Prosecutors claim one woman used a Social Security number issued to a 29-year-old man; another used a number issued to a man born in 1881 and long dead. One man used a Social Security number issued to an 11-year-old girl.
Writing the court, Deputy Prosecutor Amanda Froh noted that close ties between those accused.
"Most of the defendants are related by either blood or marriage and have strong family ties in the state of Sinaloa, Mexico," Froh said in court documents.
Four of those charged -- Juan Luis Peraza, 44, Rafael Trejo, 36, Carlos Montana, 37, Isaac Martinez, 37 -- are believed to have fled to Mexico. Two other defendants, Oscar Gonzalez, 29, and Dolores E. Pimienta-De Sinner, 52, are currently in custody at the King County Jail.
Each has been charged with first-degree theft on allegations that they caused several banks to issue loans through fraud.
/s
Probably not before voting for Obama in 2008!
“”In essence,” he added, “Casalinda Mortgage was a ‘mortgage mill’ for fraudulent buyers.”
EVERYTHING about illegal immigration is fraud!
And it took three years of investigation to figure this out!
'Six charged in scheme to obtain home loans for illegal immigrants'
Juan Luis Peraza, Rafael Trejo, Carlos Montana, Isaac Martinez, -- are believed to have fled to Mexico. ... Oscar Gonzalez, and Dolores E. Pimienta-De Sinner ... are currently in custody at the King County Jail.
"Do I really have to say it?"
Sometimes you can guess the Criminal's name just by reading the Headline
When republicans are in power, the leftists are busy getting handouts and loans to illegals. When ‘rats are in power, these illegals are exposed. Makes sense that ‘rats know where the dirt is, expose it when in power so they can say “looky what we found, Bush’s fault”.
Ping!
Got the goods on the mortgage company before the Obama regime took power and the prosecutors/charges were county, not federal.
Got to wonder, if the charges were federal, would Holder & his black power Justice Department have given the illegals the Black Panther waiver (no charges against black other minorities).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.