Some friend. I wonder what she would do to her enemies.
OREGON MAN CONVICTED OF SUBMITTING FRAUDULENT MORTGAGE LOAN APPLICATIONS
On Feb 8, David Ovist was convicted of the crimes of bank fraud and wire fraud following a 10-day jury trial. Ovist is scheduled to appear before U.S. District Court Judge Anna J. Brown on May 7, for sentencing on these charges.
Ovist was the owner of Oregon Mortgage Services Inc., Beaverton. The federal indictment charged that Ovist, acting as a residential mortgage loan broker, knowingly prepared, on behalf of eight borrowers, residential loan applications related to 15 different properties that falsified the borrower’s financial qualifications. The applications were then submitted by Ovist to eight different mortgage lenders with the intent that the lenders would approve mortgage loans for those properties based upon the false financial qualifications provided in the loan applications. The jury convicted Ovist of 12 of the 15 counts in the indictment.
At sentencing, the maximum penalty for each of the three bank fraud convictions is 30 years in prison and a maximum fine of $1,000,000. The maximum penalty for each of the nine wire fraud convictions is 20 years in prison and a maximum fine of $250,000. The actual sentence will be determined under the Federal Sentencing Guidelines based, in part, on the total amount of losses suffered by the mortgage lenders as a result of the loans. (usattyor21213)
After a 10 day trial he may be looking at 10 years room and board. Who knows?
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