Ex-Home Lender To Pay $5.3M For Role In $23M Fraud

Law360, New York (December 20, 2011, 6:14 PM EST) -- A former employee of a New York-area mortgage lending agency at the center of a $23 million fraud was ordered on Friday to pay over $5.3 million in restitution.

Peggy Persaud, a former branch manager for GuyAmerican Funding Corp., pled guilty to one count each of fraud and bank fraud for her role in the mortgage scheme in December 2009. Persaud admitted to helping mortgage applicants falsify documents, including employment documents, in the guilty plea entered in federal court in Manhattan.

Federal prosecutors said in a...
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Case Information

Case Title

USA v. Persaud et al


Case Number

1:09-cr-00958

Court

New York Southern

Nature of Suit

Date Filed

October 7, 2009

Government Agencies

UK Financial Services

UK Financial Services

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