Sacramento Feds Get Guilty Plea In Mortgage Fraud Case

From the U.S Attorney's Office in Sacramento, California:

• United States Attorney McGregor W. Scott announced today that Sennett H. Swift, 25, of Sacramento, pleaded guilty today to bank fraud and money laundering. [...] According to [the prosecutor in the case], Swift defrauded two homeowners and the corresponding lenders by fraudulently refinancing the two homes, the goal of which was to receive the substantial loan broker commissions.

For more, see the U.S. Attorney News Release - Unlicensed Loan Officer Pleads Guilty To Fraud.

Go here for an earlier post on the arrest of Sennett Swift. jim martin