Sacramento Loan Officer Gets 15 Months For Forging Signatures, Using Phony Docs In Mortgage Scam

In Sacramento, California, KCRA-TV Channel 3 reports:

• A former loan officer was sentenced to 15 months in prison for mortgage fraud. Sennett Swift was once employed as a loan officer with First Liberty Financial. He was also ordered to pay $8,000 in restitution. Prosecutors said Swift falsified loan applications and forged signatures without the borrowers' consent.

It was previously reported that Swift is a former employee of VFM Investment Group, the owners of which are currently under federal indictment on more than a hundred counts in an alleged scam involving defrauding investors and obtaining fraudulently obtained mortgages following a KCRA 3 investigation.

For more, see:

• Ex-Loan Officer Gets 15 Months For Fraud ($8,000 Payment Ordered),
• Agents Believe Loan Officer Tried To Flee State (Man Was Former Employee Of VFM Investment Group),
• U.S. Attorney's Press Release.

Go here for other posts on Sennett Swift, VFM, and its indicted owners.