A real estate professional from Daly City has been convicted for his role in a home mortgage fraud scheme involving more than $50 million in loans, federal officials announced.
According to the U.S. Attorney's Office for the Northern District of California, 52-year-old Tjoman Buditaslim pled guilty in federal court to wire fraud conspiracy Wednesday. Three others have also pled guilty to the scheme, in which 102 home mortgages worth more than $55 million were originated based on false and fraudulent loan application information.
Jose Tellez, a 27-year-old from San Jose, admitted to conspiracy to commit wire fraud for his role in the scheme. Prosecutors said Tellez, who worked as a loan officer at a mortgage company, admitted that he originated 30 of the loans worth $17 million based on what he knew was false and fraudulent income information submitted by Buditaslim and others. He also admitted to failing to flag applications that contained false information.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rotting Apple! It's NYC's stinkiest summer in years with complaints soaring — and here's whyNYC unveils official $50 trash bins that every other city already has
Read more »
NYC to require small residential buildings, including brownstones, to buy $50 official trash binsNYC unveils official $50 trash bins that every other city already has
Read more »
7 Trader Joe's Beauty Dupes for Up to $55 Cheaper, Shopper SharesDigital destination for sophisticated men & women. Live your best life with expert tips and news on health, food, sex, relationships, fashion and lifestyle.
Read more »
AJR ‘The Maybe Man Tour’ in Phila.: Where to buy tickets for under $55AJR will perform on Thursday, July 25, at the Wells Fargo Center in Philadelphia.
Read more »
HOKA has dropped new running shoe markdowns up to $55 offHOKA is offering major discounts on some of its best-selling running shoes up to $55 off. Here are some of the best deals from the big online sale.
Read more »
Biden accidentally announces $55 cap rent rises after struggling to read '5%' on teleprompterPresident Biden accidentally flubbed the announcement of his proposed 5% cap on rent increases from major landlords, struggling to read the teleprompter and accidentally suggesting a $55 cap.
Read more »