Experienced Representation in Mortgage and Bank Fraud
Bank and mortgage fraud defense attorney Solomon L. Wisenberg defends clients in federal bank and real estate fraud cases. From his offices in Washington, D.C., he represent borrowers and bank officers throughout the U.S.
Mr. Wisenberg understands financial fraud cases from both sides of the bar. As a federal prosecutor, he led a two-year investigation of the Victoria Savings Association scandal, which resulted in the conviction of nine defendants. He received the Director's Award from Attorney General Janet Reno for his service in the Victoria Savings case.
The knowledge Mr. Wisenberg gained prosecuting financial fraud cases helps him to defend clients facing exposure to federal bank, mortgage and appraisal fraud charges. Mr. Wisenberg has achieved successful results for clients in matters involving many types of alleged white collar fraud, including check fraud, identity theft, and loan application fraud.
The repercussions of the current mortgage crisis will continue to be felt in federal court for the next several years. The statute of limitations for mortgage fraud and bank fraud is 10 years. Those who are convicted can be sentenced to anywhere from 20 years to life in federal prison.
How It Happens
One of the most common kinds of financial institution fraud involves loan or mortgage application fraud. During the last decade, many bank and mortgage company officials orally encouraged individuals and businesses to misrepresent their income and other factors on mortgage applications. When these borrowers don't make their payments, the banks review the applications, looking for misstatements of income or other misrepresentations of fact. If the banks find anything, they will often turn the case over to the feds for prosecution. In essence, the banks and mortgage lenders are trying to use the government as a collection agency, to collect on bad loans they encouraged people to take.
You can be charged in federal court for mortgage or bank fraud:
- Even if the bank or mortgage company knew you were making a false statement
- Even if bank or mortgage company employees encouraged you to misrepresent the facts
- Even if 98 percent of the information on your application was accurate
- Even if your loan application was denied
Conversely, the government also loves to prosecute bank and mortgage lending officers in the wake of major financial meltdowns, in the never-ending hunt for scapegoats. But a negligently granted loan does not equal a fraudulent loan.
Solomon L. Wisenberg has the experience to successfully manage the most detailed and complex cases involving alleged bank fraud and mortgage fraud in a variety of settings, from cases involving house flipping and other flipping schemes, to inflating appraisals and matters involving straw buyers, and all other fraud cases.
Contact a Property Flipping Schemes Defense Attorney
To arrange a consultation about your legal issue, feel free to contact mortgage fraud defense lawyer Solomon L. Wisenberg at the Washington, D.C., law offices of Nelson Mullins LLP.
You may also call Solomon L. Wisenberg at 202-545-2922 during normal business hours, or at 202-257-7846 if an urgent matter arises during the evening or weekend.