Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million

BOSTON – The president and founder of a Falmouth mortgage company was sentenced yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million.

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FALMOUTH, MA – The president and founder of a now-defunct mortgage company in Falmouth was sentenced to prison Tuesday for defrauding the government out of $2.5 million, according to the U.S.

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The founder and president of a defunct Massachusetts mortgage company pleaded guilty this week to defrauding Ginnie Mae out of approximately $2.5 million.. According to the U.S. Attorney’s Office for the District of Massachusetts, Robert Pena pleaded guilty on Wednesday to one count of conspiracy and six counts of wire fraud.

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Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million . Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million . The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million.

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Massachusetts mortgage company founder jailed for defrauding Ginnie Mae out of $2.5 million. The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie See Original Article .

Mortgage Company Founder Sentenced For $2.5M Fraud. FALMOUTH, MA – The president and founder of a now-defunct. to prison Tuesday for defrauding the government out of $2.5 million, according to the U.S. Attorney's office.. In total, Pena took approximately $2.5 million, which Ginnie Mae then.

. certain cash-out refinance mortgages within the Ginnie Mae II MBS.. Ginnie Mae is a wholly-owned government corporation that attracts global. to support homeownership for veterans and millions of homeowners throughout the country. ginnie mae mortgage-backed securities (mbs) programs directly.

Mortgage Company President Pleads Guilty to Defrauding Ginnie. – BOSTON – The president and founder of a Falmouth mortgage company pleaded guilty yesterday in federal court in Boston in connection with defrauding the Government National Mortgage Association (Ginnie Mae) out of approximately $2.5 million. Robert Pena, 68, of Falmouth, pleaded guilty to one count of conspiracy and six counts of wire fraud.