Lorraine Brown, the 56-year-old former executive of Lender Processing Services Inc. was sentenced to five years in prison for her role in a scheme spanning six years that set out to “prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders’ offices throughout the United States,” according to a document released by the Department of Justice Office of Public Affairs.
Acting Assistant Attorney General Raman said, “Lorraine Brown will spend five years in prison for her central role in a scheme to fraudulently execute thousands of mortgage-related documents while our nation’s housing market was at its most vulnerable point in generations.”
Fortunately, this scheme was foiled by the FBI before anyone was defrauded. Tragically, hundreds of similar mortgage and stockbroker fraud cases are not stopped in time, resulting in the loss of untold millions for victims. When you are the victim of this type of intentional fraud, you are entitled to take civil legal action to seek compensation. The stock market fraud attorneys at Colling Gilbert Wright and Carter are here to help you get every penny you deserve.
If you have been a victim of mortgage or stock broker fraud, please contact Colling Gilbert Wright & Carter or call (866) 352-3476 today to schedule a free consultation with one of our experienced attorneys.