Pair pleads guilty to mortgage fraud - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Pair pleads guilty to mortgage fraud

A local man and woman have pleaded guilty to defrauding mortgage lenders.

Anthony Buford, 42, and Jolie Neal, 47, pleaded guilty in U.S. District Court to conspiring to defraud lending institutions out of $2,779,500 by cheating the system in order to obtain mortgages on three properties they owned and keeping the money rather than paying off existing loans.

According to court documents, Buford worked for Dynus Financial in its mortgage business and Neal owned Tri-State Title Company when they met and became romantically involved in 2003. Neal asked Buford to broker a loan for an additional mortgage on her house. She closed the loan herself and kept the money rather than paying off the existing mortgage. She and Buford conspired to repeat the scheme in order to defraud approximately nine lending institutions beginning from in or about September 2004 until in or about July 2007 for an approximate loss of $2,779,500.

Buford and Neal each pleaded guilty to one count of conspiracy to commit mail, wire and bank fraud. The maximum statutory penalty for the crime is 30 years in prison, a fine of $1 million or twice the gain to the defendant or loss to the victim, and mandatory restitution. The plea agreement includes a recommended restitution of $2,779,500.

Judge Sandra Beckwith will set dates for sentencings for the defendants.

Copyright 2011 FOX19. All Rights Reserved.

  • FOX19 HeadlinesMore>>

  • Oklahoma restaurant shooting victims recovering

    Oklahoma restaurant shooting victims recovering

    Saturday, May 26 2018 4:03 AM EDT2018-05-26 08:03:40 GMT
    Sunday, May 27 2018 1:18 AM EDT2018-05-27 05:18:33 GMT
    (Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...(Sarah Phipps/The Oklahoman via AP). Police officers stand at the scene of a shooting on the east side of Lake Hefner in Oklahoma City, Thursday, May 24, 2018. A man armed with a pistol walked into Louie’s On The Lake restaurant at the dinner hour and ...
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed...Full Story >
    Authorities say a Facebook page in which a man claims his television is possessed by the devil belongs to the man suspected of shooting three people at an Oklahoma City restaurant before being killed by two armed bystanders.Full Story >
  • The Latest: Rep: "Hero teacher" released from hospital

    The Latest: Rep: "Hero teacher" released from hospital

    Saturday, May 26 2018 10:46 AM EDT2018-05-26 14:46:33 GMT
    Sunday, May 27 2018 1:18 AM EDT2018-05-27 05:18:02 GMT
    (Robert Scheer/The Indianapolis Star via AP). Empty school buses leave after a shooting at Noblesville West Middle School in Noblesville, Ind., on Friday, May 25, 2018. A male student opened fire at the suburban Indianapolis school wounding another stu...(Robert Scheer/The Indianapolis Star via AP). Empty school buses leave after a shooting at Noblesville West Middle School in Noblesville, Ind., on Friday, May 25, 2018. A male student opened fire at the suburban Indianapolis school wounding another stu...

    The family of a student wounded during a school shooting in Indiana says she is in critical but stable condition.

    Full Story >

    The family of a student wounded during a school shooting in Indiana says she is in critical but stable condition.

    Full Story >
  • The Latest: Trump says Korea talks "going along very well'

    The Latest: Trump says Korea talks "going along very well'

    Saturday, May 26 2018 7:23 AM EDT2018-05-26 11:23:24 GMT
    Sunday, May 27 2018 1:28 AM EDT2018-05-27 05:28:14 GMT
    (AP Photo/Ahn Young-joon). Protesters hold candle lights during a rally to denounce the United States' policies against North Korea near the U.S. embassy in Seoul, South Korea, Friday, May 25, 2018. North Korea said Friday that it's still willing to si...(AP Photo/Ahn Young-joon). Protesters hold candle lights during a rally to denounce the United States' policies against North Korea near the U.S. embassy in Seoul, South Korea, Friday, May 25, 2018. North Korea said Friday that it's still willing to si...

    North Korean leader Kim Jong Un and South Korean President Moon Jae-in have met for the second time in a month to discuss peace commitments they reached in their first summit and Kim's potential meeting with...

    Full Story >

    North Korean leader Kim Jong Un and South Korean President Moon Jae-in have met for the second time in a month to discuss peace commitments they reached in their first summit and Kim's potential meeting with President Donald Trump.

    Full Story >
Powered by Frankly