CrimeDivas

Female White-Collar Crime Divas-Mordern Day Thieves

House Flipping Scheme $1.3 millions- puts 2 Females in prison

Houseflipping

“I consider ethics to be an exclusively human concern with no superhuman authority behind it.” Albert Einstein

     We have a set of CrimeDivas for today, Orpel Tucker, 44, of Washington, DC, and Tania Firmani, 46, of Brooms Island, Md., both were convicted and sentenced to prison for their part in a mortgage fraud scheme.

From September 2005 to April 2008, Tucker and Firmani, with the assistance of others, defrauded banks and other lenders of money through false statements and misrepresentations. They used about 20 residential real estate transactions to fraudulently obtain mortgage loans of over $7.5 million. Loan documents in support of these mortgages listed false employers and false salaries for the buyers, exaggerated the assets available to the buyers to pay back the loans and make cash contributions, and incorrectly listed the buyers’ intent to occupy the houses. The appraisals misrepresented the conditions of the homes, greatly enhancing the appraised prices, and by doing so, raising the amount of loans which the lenders were willing to extend.

During the settlement of the sales transactions, thousands of lender dollars were siphoned off through fake “renovation” invoices and misrepresentations on the settlement documents. Through this process, Tucker fraudulently obtained approximately $1.1 million, even though she was not the seller on any of the properties. Tucker used some of this money to pay for the assistance of others in the conspiracy, to share with a co-conspirator who brought her into the scheme, and to pay for bogus “down payments” for the buyers.

Ms. Tucker was sentenced to 37 months and Ms. Firmani to 15 months. Both were ordered to repay the $1.3 million back.

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