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Pennsylvania Couple Sentenced for Making False Statements on Residential Loan Application
In a shocking case of financial fraud, a Brentwood, Pennsylvania couple, Brennan and Angela McNally, have been sentenced for making false statements on a residential loan application.
According to court documents, the couple pleaded guilty to one count of making a false statement on a loan application before Senior United States District Judge Nora Barry Fischer. In separate sentencing hearings, Judge Fischer ordered each defendant to spend a day in the custody of the United States Marshals Service, to be followed by three years of federal supervised release.
The McNallys were also ordered to pay restitution to the United States Department of Housing and Urban Development in the amount of $26,251. The restitution is a result of the couple’s false statements and representations pertaining to Angela’s employment status and income, which they made knowingly and for the purpose of influencing the mortgage lending business’s action on the loan application.
U.S. Attorney Eric G. Olshan commended the United States Department of Housing and Urban Development Office of Inspector General for the investigation leading to the successful prosecution of the McNallys.
The U.S. Department of Housing and Urban Development Office of Inspector General stated that the McNallys engaged in an egregious scheme to misrepresent Angela’s employment, falsely claiming she was a federal employee to take advantage of a HUD-insured mortgage program designed to assist hard-working individuals realize the American dream of homeownership.
Assistant United States Attorney Nicole A. Stockey prosecuted this case on behalf of the government.
In sentencing each defendant, Judge Fischer noted the serious nature of the federal felony offense and the harm that such criminal conduct has on the lender and mortgage industry.
Mandatory Facts:
- Defendant Name: Brennan McNally and Angela McNally
- Exact Criminal Charges: Making False Statements on a Loan Application
- City and State: Pittsburgh, Pennsylvania
- Exact Date: January 15, 2025
- Sentence or Outcome: One day in the custody of the United States Marshals Service, followed by three years of federal supervised release and restitution to the United States Department of Housing and Urban Development in the amount of $26,251
Key Facts
- State: Pennsylvania
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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