Thursday, November 05, 2015

Co-Conspirator Gets Five Years In Scam That Duped Foreclosure-Facing Hawaiian Homeowners Into Signing Over Their Deeds, Recorded Fraudulent Lien Satisfactions, Then Flipped Purported "Free & Clear' Homes Onto Unwitting Buyers, Pocketing Million$

In Honolulu, Hawaii, the Honolulu Star Advertiser reports:
  • A woman who became a fugitive after she failed to show up for a mandatory pretrial meeting with a court official was sentenced to five years in prison today for her role in a $3 million mortgage fraud scheme.

    Jennifer Ann McTigue, 48, was sentenced in U.S. District Court by visiting U.S. District Senior Judge Consuelo B. Marshall.

    “I have absolutely destroyed my life, I have destroyed my ex-husband’s name … and my children have a mother who is going to be in prison,” she said in court. “I’m extremely remorseful for the pain this has caused everyone.”

    McTigue pleaded guilty in July, the day her trial was supposed to start. She pleaded guilty to two counts of conspiracy and one count each of mail fraud, wire fraud and money laundering.

    McTigue said during her guilty plea that her co-defendant Marc Melton created bogus satisfaction-of-mortgage documents on properties that still had mortgages due, then sent the documents to her. She said she took the documents and recorded them at the Bureau of Conveyances.

    At a later date, McTigue said another co-defendant, Sakara Blackwell, “would sell the properties representing that they were free and clear of mortgages when they were not.”

    The government said the trio did that with seven properties in Kakaako, Waikiki and Kona in 2011 and 2012 and that the buyers did not know that there were outstanding mortgages on them.