Local

Elizabeth Woman Pleads Guilty In Mortgage Fraud Scheme

View Comments
(AP Photo/Dave Martin)

(AP Photo/Dave Martin)

DENVER (AP) – A 38-year-old Colorado woman has pleaded guilty to working with two other people in a mortgage fraud scheme.

The U.S. attorney’s office for Colorado says Kimberly White of Elizabeth pleaded guilty in federal court last week to one count of wire fraud. She faces a sentence of up to 20 years in prison when sentenced Sept. 30.

A federal grand jury indicted White in May 2010.

Federal prosecutors say over four months in 2005, White participated in a scheme to defraud various financial institutions and commercial mortgage lenders involving 13 Denver-area properties.

Two others were sentenced to about nine months in prison and ordered to pay nearly $1.2 million in restitution each.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,470 other followers