Michigan Couple Convicted of Filing Fraudulent Mortgage Loan Applications

A federal jury in Kalamazoo, Mich., found Patricia L. VanderZwaag and Daniel Lee VanderZwaag, both of Holland, guilty of charges related to filing fraudulent mortgage loan applications. According to Donald A. Davis, U.S. attorney for the Western District of Michigan, the defendants, who owned Mad Jac Corporation, also known as B & J Towing, provided false documentation and information to mortgage companies to obtain loan proceeds. Patricia VanderZwaag also used false information and documentation, including the Social Security Number of another person, to obtain a mortgage loan from National City Bank. She then transferred $16,000 of one of the mortgage company loans to another bank to launder the funds. Immediately after the return of the guilty verdicts, Chief U.S. District Court Judge Paul L. Maloney remanded both Vanderzwaags to the custody of the U.S. Marshal until sentencing. A date for the sentencing hearing has not yet been set.