Augusta, GA, woman sentenced for mortgage fraud case

March 3rd, 2010 - 4:16 am ICT by BNO News  

AUGUSTA, GEORGIA (BNO NEWS) – A woman, of Augusta, Georgia, was sentenced on Tuesday to 12 months and one day in prison for her role in a mortgage fraud, prosecutors announced.

Latoya Dawkins, 28, pleaded guilty to one count of making a false statement to a bank in a mortgage application. She will also pay $253,000 in restitution.

Dawkins allowed another person to use her name and social security number to make a mortgage loan application which was used to purchase a home that was later foreclosed.

“Mortgage fraud is a cancer that has been eating at our financial system and is one of the factors that led this country to the brink of a depression,” Judge Randall Hall said.

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