Experienced Representation in Bank and Mortgage Fraud
White collar criminal defense lawyers Solomon L. Wisenberg and Adrienne Urrutia Wisenberg defend clients in federal mortgage fraud and bank fraud cases. From their offices in Washington D.C. they 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 and mortgage fraud charges. Mr. Wisenberg has achieved successful results for clients in matters involving many types of alleged white collar fraud, including bank and mortgage 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 and Adrienne Urrutia Wisenberg have the experience to successfully manage the most detailed and complex cases involving alleged bank fraud and mortgage fraud in a variety of settings.
To arrange a consultation about your legal issue, please contact Solomon L. Wisenberg and Adrienne Urrutia Wisenberg at the Washington D.C. law offices of Barnes & Thornburg LLP.