Thursday, September 1, 2011

Michigan AG: Upfront Fee F'closure Rescue Ripoffs Not A 'Civil Matter' As Prosecutors Score Criminal Convictions On False Pretenses, Conspiracy Counts

In Allegan County, Michigan, The Holland Sentinel reports:

  • A Fennville woman was convicted Thursday on nine charges relating to a mortgage fraud rescue scheme, according to the state attorney general’s office.

  • Tonia Raisbeck, 36, was accused of collecting upfront fees of $795 to $1,500 from homeowners with the promise of securing new mortgages with lower interest rates. She never secured the mortgages, however, and several victims lost their money and their homes to foreclosure, authorities said.

  • Raisbeck was found guilty on nine counts Thursday, including false pretenses and conspiracy to commit false pretenses, as well as for violating the Credit Services Protection Act and conspiracy to violate the Credit Services Protection Act.

  • Raisbeck will be sentenced at 9 a.m. Sept. 23 before Circuit Court Judge Marge Baker in Allegan County Circuit Court.

Source: Fennville woman convicted for mortgage scheme.

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