Posted by Nick Alcock, Attorney at Law, for The Criminal Defense Lawyers at Alcock & Associates
Joseph Bowen Brown, 30, pleaded guilty in federal court on Tuesday to conspiracy to commit wire fraud in a mortgage fraud scheme based in Phoenix.
According to the U.S. Attorney’s Office in Phoenix, five others have entered guilty pleas in the same scheme and are awaiting sentencing.
The case against Brown and his co-conspirators is based on an investigation conducted by the Internal Revenue Service’s Criminal Investigations Division, the U.S. Attorney’s Office said in a news release.
Brown acknowledged in his guilty plea that as a principal of The Solid Group, a local real estate firm that has since collapsed, he orchestrated illegal “cash-back” mortgage sales on homes in the Phoenix area.
Read more: http://www.azcentral.com/business/realestate/articles/2011/06/24/20110624man-pleads-guilty-phoenix-area-mortgage-fraud.html#ixzz1QgmYai1e
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