The Real Deal Logo

TRENDING

Jeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”Wells Fargo to take a $60M loss on 13-story office tower in SFWells Fargo to take a $60M loss on 13-story office tower in SF“Hell for the past three years”: Strategic Properties’ $190M deconversion deal is dead “Hell for the past three years”: Strategic Properties’ $190M deconversion deal is dead City rents Roosevelt Hotel from Pakistan for $220MCity rents Roosevelt Hotel from Pakistan for $220M
South Florida

Mortgage broker charged with fraud

A Homestead mortgage broker has been charged with falsifying mortgage applications on two Miami-Dade County properties and reaping the benefits more than a year after her associates were convicted. Yvette Valdes, the owner of Best Choice mortgage, whose involvement in an alleged $550 million mortgage scam led by convicted fraudster Orson Benn was unearthed during a 2008 Miami Herald investigation, is now facing up to 30 years in prison for three counts of wire fraud. Valdes’ daughter, brother and son-in-law were also charged for their alleged roles in the scheme. Benn was sentenced to 18 years in prison in 2008. [Miami Herald]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Tags
Fraud

TRENDING

Jeff Blau to Class B office owners: “Take what you can and run”Jeff Blau to Class B office owners: “Take what you can and run”Wells Fargo to take a $60M loss on 13-story office tower in SFWells Fargo to take a $60M loss on 13-story office tower in SF“Hell for the past three years”: Strategic Properties’ $190M deconversion deal is dead “Hell for the past three years”: Strategic Properties’ $190M deconversion deal is dead City rents Roosevelt Hotel from Pakistan for $220MCity rents Roosevelt Hotel from Pakistan for $220M
South Florida

Mortgage broker charged with fraud

A Homestead mortgage broker has been charged with falsifying mortgage applications on two Miami-Dade County properties and reaping the benefits more than a year after her associates were convicted. Yvette Valdes, the owner of Best Choice mortgage, whose involvement in an alleged $550 million mortgage scam led by convicted fraudster Orson Benn was unearthed during a 2008 Miami Herald investigation, is now facing up to 30 years in prison for three counts of wire fraud. Valdes’ daughter, brother and son-in-law were also charged for their alleged roles in the scheme. Benn was sentenced to 18 years in prison in 2008. [Miami Herald]

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Tags
Fraud