CARMEN DENISE MOSLEY, a California accountant, was sentenced to 57 months in federal prison and ordered to pay approximately $1.1 million in restitution for her role in a mortgage fraud scheme in southern Nevada.
The scheme, which took place from about November 2006 to November 2007, involved Mosley and co-defendant Zulfiya Karimova causing materially false information to be placed in the buyers’ mortgage loan applications and supporting documentation. The false information included misrepresentations about the buyers’ income and assets.
Mosley, a certified public accountant, provided fraudulent tax documents to support the false representations in the applications. Karimova, a loan officer, caused the buyers to apply for mortgage loans and caused their applications to contain the false information.
The scheme resulted in the financial institutions loaning money to fund the purchase of three homes in the Las Vegas area. The buyers defaulted on the loans, causing more than $1 million in losses to the lenders.
Mosley was convicted by a jury on May 6, 2014, of one count of conspiracy to commit bank and wire fraud and two counts of bank fraud. She was permitted to self-report to prison by November 3, 2014.
The case was investigated by the FBI and prosecuted by Assistant U.S. Attorneys Sarah E. Griswold and Kathryn C. Newman. The sentencing is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF), which was created in November 2009 to combat financial crimes.
The Financial Fraud Enforcement Task Force has made great strides in facilitating increased investigation and prosecution of financial crimes, enhancing coordination and cooperation among federal, state and local authorities, addressing discrimination in the lending and financial markets, and conducting outreach to the public, victims, financial institutions and other organizations.
Related Federal Cases
- Howard Hsu, Tax Fraud Conspiracy, Nevada 2024 · Indiana
- Sean Christopher Sladek, Investment Fraud Scheme, Nevada 2024 · California
- Ramesh Kris Nathan, Wire Fraud, Nevada 2019 · Washington
- Juan Luis Sosa Tamayo, Access Device Fraud, Nevada 2020 · California
- Gift Card Scammers, Gift Card Fraud, Nevada 2020 · Louisiana
Key Facts
- State: Nevada
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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