LAS VEGAS -- A federal jury convicted a certified public accountant Tuesday of participating in a mortgage fraud scheme in Southern Nevada and causing roughly $1.6 million in losses to financial institutions, Nevada's U.S. Attorney Daniel Bogden said.
Carmen Denise Mosley, 43, of Granada Hills, Calif., was convicted of one count of conspiracy to commit bank fraud and wire fraud, and two counts of bank fraud. Mosley is scheduled to be sentenced Aug. 5. Mosley faces up to 30 years in prison and a $1 million fine on each count.
“Over the last six years, hundreds of persons who worked in the housing and mortgage industry in southern Nevada have been prosecuted and convicted of mortgage fraud crimes,” Bogden said. “This type of fraud has a long-lasting effect on the state economy and the perpetrators deserve to be convicted and punished.”
According to court records and evidence introduced at trial, Mosley and co-defendant Zulfiya Karimova, 33, of, Cupertino, Calif., conspired in 2006 and 2007 to obtain mortgage loans from financial institutions by causing false information to be placed in the buyers’ mortgage loan applications and supporting documentation.
Mosley and Karimova, a loan officer, obtained money and property from the financial institutions by causing funds from the loans to be disbursed to them at closing for their own use.
Karimova pleaded guilty to bank fraud and related charges and is scheduled to be sentenced May 27.
The case was investigated by the FBI and prosecuted by Assistant U.S. Attorneys Sarah Griswold and Kathryn Newman.