Mesa man pleads guilty in mortgage fraud scheme

I think everyone should be responsible for what they signed Everyone is now a victim because the market declined if it inclined the victims would be limited. No one would complain if they could make money even if what they signed wasnt accuarate,

with all the extra back ground check's in that industry....you can't falsify anything when you apply to them....as they say bad stuff run's down hill....!!!!"so who's at the top rollin it down....?????

Why do you peaple go and get the big fish that are pilfering billion's of dollar's from the little guy.....and leave this little one alone ...As a manger she was probibly doin what she was told to ...or we'll find some one elles...????

No surprise he plans on becoming a homebuilder once he gets out of jail for mortgage fraud! Home builders have been involved in predatory and illegal lending all along, setting up in-house lenders, inflating appraisals, and more.

These kind of people should be in jail who play with the lives of others

The unlawful rouge activity resulting in losses in the millions could never happen with a local bank, bad checks and working a fraud against CD deposits. It’s funny, however one could ever abuse the Wall Mart return policy using price differences wherever they may exist without some mechanism engaging a check against chronic returns. Las Vegas gaming is far more insulted from occurrences of unethical scam’s with culprits being apprehended in a short amount of time. What are the grounds for management to have allowed for another elaborate scheme using mortgages? One that reveals fraudulent activity to the tune of the tune of millions. Is their mention of the poor mortgage banker who is left scratching his head in amazement for again being duped? Non agency (subprime) and some agency paper (whole loan sales) are conducted on a flow and bulk loan purchase and sale agreement between parties. There is a lot to be made from earnings volume and the take is there for the lender at closing. You

People who commit this crime need to be punished to the fullest extent of the law - defrauding unsuspecting and hardworking victims of their lifetime savings, unearned home equities and financial assistance to their heirs! Will the victims continue to work 2-3 jobs till they drop dead to pay off their debts that resulted from this deal? What is the hope for recovery from their lost investment?

How bad would you feel for an idiot who went to vegas, bet on black at the rulet table and lost...thats how i feel for the poor homeowners...they would fight to buy a house becuase they thought they could sell it for a 200k profit in 6 months...guess what the market turned. Its the greedy dumb losers who were able to get into houses just to make a quick buck that really screwed things up. If they couldnt afford the payments, why did they sign the loan?...GREED... now they are made out to be victims...i love this country!!

whats new? the only reason the pilgrims came to america was to rip off each other and the natives of this country in the name of christianity.

This is the Old Court savings and loan scandel revisited. State regulators fail again to protect dumb, greedy, borrowers. Go figure. Also, note this is black on black fraud not a big evil white banking industry scam. Finally, note the number of Democrats receiving special loan terms. Fools scammed by their politicians and their racism.

"with no regulation" If I remember correctly, this state is run by DEMOCRATS dimwit. The mortgage groups ARE regulated in the state. Just recently a report stated that the regulators have not been doing their jobs.

with no regulation,what do you expect.good ole american greed will always win,especially if run by republicans.

Let them all to rot in prison, and for you people who were acquainted with this family SHAME ON YOU !!!!!!

Rachel - did your cousin turn any of these people in? Did she advise these "innocent" people while she was happily pulling down a pay check?

My second cousin worked in the lending industry for three years and quit because of the illegal scams she saw being put over on innocent people. This story sounds like what she told me.

The lender is responsible for the alleged 20-something forging paperers? Are you serious?

everyone wants to play the 'blaming' game but the truth is, everyone has made mistakes. This includes the lenders, the brokers and even the borrowers for not taking responsibilities for their mistakes. But ultimately the lenders are at fault for offering no documentation program, low documentation, and all other creative type of financing and not having back up plans before this mortgage mess happend. The lenders and the big banks should let the homeowners keep their homes until this mess is over. they should pay for their mortgage payments !!!

You defend these people because you are like them...a crook!

first off i would like to defend Eric Pony and Lifetime Financial , because i have worked with them on numerous occasions and found them nothing but professional. I hope nothing but the best for him and his family. And for those of you that are going to judge him based on what you are reading you guys are purely ignorant!!!! love A.G M.Y

my aunt was scammed by the people,she was to close on her house this week.What recourse DOES SHE HAVE ? Someone needs to contact the victims,Now her house is not sold and she has already purchased another home!!!!!!! I am outraged! Is someone going to come to her rescue? SHE'S 72 YRS OLD.