Jason Trador, FHA Loan Fraud, West Virginia 2024

A federal jury in West Virginia convicted Jason Trador, 46, of Scott Depot, of making a false statement to federal agents, willfully overvaluing property on a loan application, and three counts of making a false statement to the United States Department of Housing and Urban Development (HUD).

Trador was convicted on April 10, 2024, after a two-day trial. Evidence at trial proved that Trador fraudulently obtained a $223,870 home mortgage insured by the Federal Housing Administration (FHA) from his then-employer, Victorian Finance LLC, a mortgage lending business.

At the time he applied for the FHA loan in August 2018, Trador was delinquent on paying his federal taxes for a prior tax year. Because of the tax debt, Trador was not eligible for an FHA loan under existing FHA program rules.

Trador deceived Victorian Finance into approving the application and the FHA into insuring the mortgage by providing a series of falsified documents, including a falsified Internal Revenue Service (IRS) tax transcript purporting to show a payoff of the delinquent $8,151 tax debt. He also submitted three heavily edited bank statements to Victorian Finance, each substantially inflating the balances in his bank accounts.

Trador is scheduled to be sentenced on July 29, 2024, and faces a maximum penalty of 41 years in prison. The United States Attorney’s Office for the Southern District of West Virginia commended HUD OIG and the FBI for their investigative work in the case.

Jason Trador, also known as Jason Trador, was convicted of the following crimes:

1. Making a false statement to federal agents

2. Willfully overvaluing property on a loan application

3. Three counts of making a false statement to HUD

He was convicted on April 10, 2024, in West Virginia, and faces 41 years in prison. The mortgage loan was for $223,870 and was insured by the Federal Housing Administration (FHA). Trador was delinquent on paying his federal taxes for a prior tax year, making him ineligible for an FHA loan.

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