NC Broker Sentenced to Five Years For Fraud

Senior U.S. District Judge James C. Fox sentenced Kimberly Taylor of Fayetteville, North Carolina, to 70 months' imprisonment followed by five years of supervised release following Taylor pleading guilty to charges related to a mortgage fraud scheme. The court also ordered Taylor to pay $91,933 in restitution. A Federal Grand Jury returned a criminal indictment on October 24, 2007. At her arraignment Taylor pleaded guilty on July 10, 2008, to 10 counts of bank fraud and two counts of aggravated identity theft. Starting in June 2005 and continuing through June 2006, while working as a licensed mortgage broker, Taylor devised a scheme in which she took the identities of clients or potential clients, to include their names, social security numbers, and dates of birth, and submitted loan applications to RBC Centura to obtain loans totaling $184,400.