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RALEIGH
A former North Carolina attorney has been sentenced to 18 months imprisonment for her role in a mortgage fraud scheme that cost banks and lenders millions.
Amy Robinson, 36, of Rolesville, was sentenced by Chief United States District Judge James C. Dever III and ordered to make restitution of $2,613,046.37 to various banks and other victims.
The scheme, which took place between 2002 and 2006, involved Robinson working with James Thomas Webb, who promised investors that he and his company, Alpine Properties, LLC, would use investor money to purchase homes at a low value, renovate them, and then sell them to first-time home buyers for a higher value.
However, evidence established that Robinson and Webb systematically falsified HUD-1 settlement statements associated with numerous sales of properties from Alpine Properties to Webb’s investors.
Robinson transmitted the false documents to lenders and banks by mail and wire, and the banks and lenders relied upon the statements in issuing loans for the sale of properties from Webb’s companies to his investors.
Ultimately, after the collapse of Alpine Properties, many of the loans on the properties went into default, resulting in millions in losses to various banks and lenders.
Robinson pleaded guilty on May 3, 2010, to Conspiracy to Commit Wire, Mail, and Bank fraud, in violation of Title 18, United States Code, Section 371.
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Key Facts
- State: North Carolina
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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