Albuquerque Real Estate Broker’s Downfall: 27 Months in Prison for Bank Fraud
In a shocking turn of events, Robert O. Moore, 68, a licensed real estate broker from Albuquerque, New Mexico, was sentenced to 27 months in federal prison for his involvement in a bank fraud scheme.
The crime, which took place between April 2014 and September 2014, saw Moore perpetuate a scheme to defraud a loan and finance business out of over $150,000. He facilitated the scheme by using the identification of another person.
Moore’s scheme involved presenting fraudulent documents to a financial institution in order to obtain a mortgage against a house he was leasing to himself. He admitted to using the name of an actual person as the notary public on the warranty deed without authorization.
Moore’s guilty plea, entered on November 10, 2016, marked a significant milestone in the case. In entering the plea, Moore admitted to the charges against him, acknowledging his role in the bank fraud scheme.
The case was investigated by the Albuquerque office of the FBI, with Assistant U.S. Attorney Nicholas Jon Ganjei leading the prosecution. Moore was ordered to pay $150,535.10 in restitution to the victim of his criminal conduct.
With his sentence now finalized, Moore will serve 27 months in federal prison followed by three years of supervised release. This devastating outcome serves as a stark reminder of the consequences of engaging in illicit activities, and the importance of upholding the law.
As the people of Albuquerque continue to rebuild and recover, this case serves as a grim reminder of the dark underbelly of the real estate industry. The Grimy Times will continue to monitor this case and provide updates as more information becomes available.
Mandatory Facts:
Defendant: Robert O. Moore, 68, of Albuquerque, N.M.
Criminal Charges: Bank fraud and aggravated identity theft.
City and State: Albuquerque, New Mexico.
Exact Date: November 10, 2016.
Sentence or Outcome: 27 months in federal prison followed by three years of supervised release.
Dollar Amounts: $150,535.10 in restitution to the victim of his criminal conduct and over $150,000 in losses to the loan and finance business.
Key Facts
- State: New Mexico
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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