Minnesota Real Estate Agent Pleads Guilty

Published October 08, 2009, 1:00 p.m. EDT

1 Min Read

Eric Wayne Moen, a former real estate agent from Park Rapids, Minn., pleaded guilty in federal court to defrauding GreenPoint Mortgage by conspiring to secure a $640,000 mortgage under false pretenses. According to B. Todd Jones, U.S. attorney for the District of Minnesota, Moen conspired with Kevin Ray Winkelmann to falsifying a mortgage loan application in order to secure a loan Winkelmann could use to purchase a house. Moen and Winkelmann generated fraudulent employment verification for Winkelmann for the application when he was not in fact employed. Based on the fraudulent application, GreenPoint wired $642,000 to a title company as part of the real estate closing process. Winkelmann was sentenced in March to six months in prison for his role in the scheme. Sentencing for Moen has not yet been scheduled.

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