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Double the Fraud, Double the Charges
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January 29, 2009
A California couple has been charged with obtaining a mortgage loan on a house they purchased in 2004 and then using fraud again after it went into foreclosure.
Justine Lorraine Rice, 45, and Wendell Anthony Rice, 45, were both arrested last Tuesday on charges of mortgage fraud, false statements on loan applications, bankruptcy fraud, contempt of court, perjury and money laundering.
The couple used fraud to initially obtain the house in Rancho Santa Fe, and then two years later, after filing bankruptcy they arranged for someone to purchase the home from the lender. Rice helped the buyer by falsifying loan documents and supplying the downpayment. The couple then illegally moved proceeds from the sale to personal accounts.
Read story at North County Times
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