Florida Man Faces 30 Years for Making False Statements About Income, Causing Financial Loss to WAMU

Prison

“Washington Mutual Bank suffered a financial loss as a consequence of McDonald’s default on this loan.”

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Winter Haven Man Pleads Guilty To Making False Statements In Mortgage Loan

Tampa, Florida – United States Attorney A. Lee Bentley, III announces that Stevie McDonald (41, Winter Haven) has pleaded guilty to making false statements in a mortgage loan application. He faces a maximum penalty of 30 years in federal prison. A sentencing date has not yet been set.

According to court documents, on November 10, 2007, McDonald entered into a contract to purchase a home in Port Richey. He then applied for a mortgage loan from Washington Mutual Bank. In the loan documents that he signed and submitted to the bank, McDonald made false statements about his income and his employment. In December 2007, during the course of the closing on the property purchase, Washington Mutual paid more than $35,000 to a woman McDonald knew and later married. This payment was purportedly a satisfaction of an existing lien on the sale property. Subsequent investigation revealed that no such lien existed. Washington Mutual Bank suffered a financial loss as a consequence of McDonald’s default on this loan.

This case was investigated by the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorney Jay L. Hoffer.

SOURCE: https://www.justice.gov

They still don’t get it. There was no financial loss to Washington Mutual Bank. In fact, banks profited greatly from these designed to fail loans.

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4closureFraud.org

Comments
4 Responses to “Florida Man Faces 30 Years for Making False Statements About Income, Causing Financial Loss to WAMU”
  1. I have, in my own file, a litany of fraudulent documents filed and proven false….and so far, I’m still losing my home and no charges have been filed against the fraudsters…..

    • Al says:

      sherry ,we suffered the same as you … we have 3 different notes from something called midfirst bank ( later we found it was the purported servicer , midland mortgage co. fraudclosing they first filed a complaint without any paper inside (mortgage , note assignment) ,

      then when we contested the fraudclosure after being fooled by a fake “modification” , when we went to the court to check the file there was NOW a new set of papers!!! ,affidavits with fake notaries( 3 compared commissions for Sec of state. even one with different rubber seal! ) and also included a purported “certificated original copy of the note” bearing one endorsement, not to the plaintiff….nothing more attached….

      several months later and “assignment of mortgage magically appeared from nowhere!, with another set of papers!!! new complaint even showing different amount of complaint!! ,

      this happened AFTER summary judgment. no note or mortgage was presented to the crooked judge .

      when we were checking the file one more time to file the motion to vacate for fraud, a new “original note” was filed without notice (there was a certificate of service but BLANK!! , )…all the papers disappeared like magic, we also foud by that time the assignment of mortgage had a forged notary signature (different from commission) with all this presented in motion to judges..they didn’t care..fraudclosure was granted without any paper on the file !! ohhh but we had an attorney !! “representing us” which by the way did not bother to assist to hearings !!! …

      i just described some issues but , in short we lose the property, a small apt. , and even the belongings inside because the crooked attorney (zahm now eXL Legal, PLLC) liked the refrigerator and other appliances so he decided to take the stuff. we have pictures of people taking even the broom !!!

      we presented this and more to the judges and on appeal too …never minded……they ignored all the fraud……3 years fighting and wasting money for nothing

      we have new important information gathered (and the old recovered from the packages and computers stole by the plaintiff attorney (ALWAYS BACKUP YOU DATA AND DOCUMENTS ,) for now we have no resources to get a new attorney but we will fight back…. 🙂

      i wish you the best and that you can keep your property…… NEVER EVER GIVE UP , NEVER!!!!!

      check some parts of this history …. .

      trial judge rehearing motion to vacate https://www.youtube.com/watch?v=Gr6qb8acOls
      appeal https://www.youtube.com/watch?v=y8HIkoRLgOQ

  2. Carolina says:

    Yet, each and every fraudulent bank, has committed worse in the false statement department, and which of them went to jail? None! Zip! Nada!

    No justice, as long as the government, continues to protect these no good fraudsters in the banking industry.

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