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In the following To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. Michael J. Sullivan, United States Attorney for the District of Massachusetts announced that a North Andover woman was convicted today in U.S. District Court for her participation in a mortgage fraud scheme.

The US Attorney was joined in the announcement by Randy Miskanic, Inspector in Charge of the U.S. Postal Inspection Service; Warren T. Bamford, Special Agent in Charge of the Federal Bureau of Investigation - Boston Field Division; Tyrone G. Barney, Special Agent in Charge of the Internal Revenue Service, Criminal Investigation - Boston Field Office, and Police Commissioner Edward Davis of the Boston Police Department.
ELIZABETH SON, age 26, of 3 Walker Road, North Andover, Massachusetts, pled guilty before U.S. District Judge Rya W. Zobel to four counts of Wire Fraud.

At today’s plea hearing, the prosecutor told the Court that had the case proceeded to trial the government’s evidence would have proven that in of 2005 SON participated with others in a scheme to defraud mortgage lenders in connection with two properties in Dorchester, MA. The evidence would establish that SON agreed to serve as a “straw” borrower on fraudulent loan applications with the result that two out-of-state lenders each wired more than $500,000 to the account of a Boston attorney who was responsible for closing the loans. The same properties and mortgage loans are among charges filed against 11 other defendants who are pending trial in federal court under an Indictment returned by the Grand Jury in May of 2008.

Judge Zobel scheduled sentencing for June 16, 2008. On each of the four counts, SON faces up to 20 years imprisonment, to be followed by 3 years of supervised release and a $250 fine.

The case was investigated by the U.S. Postal Inspection Service, Federal Bureau of Investigation and the Internal Revenue Service, with assistance from the Boston Police Department. It is being persecuted by Assistant U.S. Attorneys Victor A. Wild and Ryan M. DiSantis of Sullivan’s Economic Crimes Unit. Unit.


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