BOSTON, MA – In a shocking case of financial deception, Denise Bruce, a 56-year-old resident of Hingham, Massachusetts, has been charged with defrauding mortgage companies in connection with multiple mortgages she obtained on a single residence.
According to the indictment, between 2004 and 2008, Bruce fraudulently obtained five mortgage loans from different banks in amounts ranging from $325,000 to $487,500 on her Hingham property by submitting false information regarding her employment history, income, assets, and debt.
The indictment alleges that Bruce filed fraudulent discharges of mortgages with the Plymouth County Registry of Deeds to create the appearance that earlier loans had been paid in full, when in fact, none of the loans had been paid.
The charging statute provides a sentence of no greater than 30 years in prison, five years of supervised release, and a fine of $1 million on each count.
United States Attorney Carmen M. Ortiz; Steven Perez, Special Agent in Charge of the Federal Housing Finance Agency, Office of Inspector General, Northeast Region; and Christy Goldsmith Romero, Special Inspector General for the Office of the Special Inspector General for the Troubled Asset Relief Program, made the announcement today.
The case is being prosecuted by Assistant U.S. Attorney Victor A. Wild of Ortiz’s Economic Crimes Unit.
The details contained in the indictment are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
Denise Bruce, 56, was indicted on five counts of bank fraud. She faces up to 150 years in prison, a fine of $1 million on each count, and five years of supervised release. The case is ongoing, and it remains to be seen how this will play out in court.
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Key Facts
- State: Massachusetts
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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