Karen Axline, a former title agent from Granville, Ohio, was sentenced to four years in prison for her role in a $9 million mortgage fraud scheme involving more than 30 properties in central Ohio. According to Ohio Attorney General Richard Cordray, in the scheme, participants falsified loan applications and documents on behalf of borrowers and made downpayments allowing borrowers to secure loans in which tens of thousands of dollars were laundered through fictitious home contractor companies. Axline operated the now-defunct Granville Title Agency in Granville and colluded with others in structuring many of the transactions to deceive lenders. Axline is one of 13 defendants charged in the scheme. The investigation is still ongoing.
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