With the mortgage crisis still fresh in the minds of citizens across the nation, mortgage companies are under increasing pressure to provide accurate information to clients. A complete and proper investigation should occur when fraudulent acts are reported, as any person or entity accused of a serious crime is presumed innocent until proven guilty.

A Maryland man was recently under investigation for mail and mortgage fraud, and last week he was sentenced to nearly three years in prison after reaching a plea agreement. The 42-year-old was charged with two counts of mail fraud and mortgage fraud, and must pay $1.4 million for the serious crime.

The man hails from Bethesda and worked as a mortgage originator. During a three-year span from 2006 to 2009, he apparently defrauded lenders and members of his family through real estate transactions. He must also pay restitution to the people he defrauded, however the financial figures involved were not released.

The 42-year-old had an appraiser who assisted in the fraudulent scheme. One such episode in the scheme involved refinancing a non-existent home. The appraiser applied for a $350,000 loan for some property in Elkridge that was actually just a vacant lot. His application included photographs of a home from a different area in an attempt to falsely indicate the house's existence.

In a slight twist to the story, the appraiser passed away before any charges could be filed against him.

Fraud is a serious crime that should not be taken lightly. When accused of fraud your reputation is, fairly or unfairly, put on the line. Consult a determined and experienced legal professional to get the support you need to defend the accusations against you.

Source: Bethesda Patch, "Bethesda Man Sentenced In Connection With Mortgage Fraud Scheme," Erin Donaghue, Jan. 12, 2012