Wednesday, August 29, 2012
Florida Woman Sets Up Fake Businesses For Multiple Mortgages
Rose Marie Sandrie, is being charged with bank fraud a little over $1 million after she allegedly set up many fake businesses in order to attain multiple mortgages. She is currently being held in the Florida Keys jail on a $1 million bond.
Investigators have gathered information stating that two companies owned by her, Loansource Mortgage and Sunshine Title, were used between February of 2002 and February of 2007 to make escrow account deposits and fraudulent withdrawals from her mortgages provided by National City Mortgage/PNC Bank. Essentially, she was sending false information to National City Mortgage/PNC Bank to get mortgages and then depositing money into escrow accounts which would be later transferred to her own personal accounts.
This fraudulent activity caused National City Mortgage/PNC Bank a total loss of $825,361.67.
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