United States Attorney Roger B. Handberg announced that Maria Del Carmen Montes, of Kissimmee, has pleaded guilty to three counts of bank fraud in a mortgage fraud scheme targeting financial institutions.
Each bank fraud count carries a maximum penalty of 30 years in federal prison. The Central Florida defendant was indicted along with coconspirator Carlos Ferrer on July 20, 2022.
According to the plea agreement, Montes, coconspirator Ferrer, and others created and executed a mortgage fraud scheme targeting financial institutions. Montes assisted clients with purchasing homes and after signing the real estate contract, referred her buyers to a loan officer at a mortgage company.
In order to qualify her clients for mortgages loans for which they were unqualified, Montes transferred the personally identifying and financial information of her clients to Ferrer and directed Ferrer to create fictitious paystubs and W-2s showing false earnings and length of employment for her clients knowing that her clients never worked for the companies on the fictitious employment documents.
After Ferrer created the documents, Montes submitted the fictitious paystubs and W-2s to the financial institutions who relied on them when making underwriting decisions.
This case was investigated by the Federal Housing Finance Agency – Office of Inspector General, the U.S. Department of Housing and Urban Development – Office of Inspector General, and the Federal Bureau of Investigation. It is being prosecuted by Special Assistant United States Attorney Chris Poor.
