Ex-JPMorgan Worker Admits To $33M Mortgage Fraud Scheme

Law360, Miami (May 19, 2017, 5:13 PM EDT) -- A Florida federal judge on Friday accepted the guilty plea of a former senior loan officer at JPMorgan Chase & Co., who admitted to conspiracy to commit loan and credit application fraud that cost the bank $33 million.

U.S. District Judge Virginia M. Hernandez set an Aug. 17 sentencing date for Ross D. Pickard, 63, of Naples, according to court records. He faces up to five years in prison on the single conspiracy count.

Pickard entered his guilty plea at a hearing Thursday in Tampa before...
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