Fraud & Investigations

Five plead guilty to mortgage fraud

Posted on Wednesday, November 17, 2010

Five South Floridians face up to 30 years behind bars after pleading guilty to their roles in a mortgage fraud scheme.
Yvette Gonzalez Valdes; her daughter, Jeannine Valdes-Perez; her brother, Joseph Gonzalez; her son-in-law, Victor Perez; and Catherine Maiz are alleged to have submitted false loan documents that resulted in the approval of more than $500,000 in mortgage loans, according to a news release from the U.S. attorney for the Southern District of Florida.
Valdes-Perez, a former mortgage broker and owner of Best Mortgage Choice LLC, is alleged to have borrowed money on two properties purchased within nine months of each other. She, Valdes, Gonzalez and Perez submitted fraudulent loan applications to lenders, according to the news release.
Meanwhile, Maiz, a part-owner of Absolute Title LLC, the title company for each deal, is alleged to have submitted false information to the lenders to get them to fund the loans.
After the loans were approved, Perez failed to make payments and each went into default. The defendants used the loan money for their own benefit, according to the release.
Gonzalez-Valdes, Gonzalez, Perez and Maiz all pleaded guilty to one count of conspiracy to commit wire fraud. Valdes-Perez pleaded guilty to one count of conspiracy to commit wire fraud and one count of wire fraud.
Sentencing is set for Jan. 21, 2011.South Florida Business Journal

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