Virginia Beach man enters plea in Mortgage Scam

Posted by US Loan Auditors in Mortgage Crisis on 12 22nd, 2009 | no responses

United States Attorney, Neil H. MacBride announced that a Virginia Beach man has entered a guilty plea in regard to the mortgage loan scheme he participated in.

Wayne Maron Benedic Lezama, age 44, from Virginia Beach, Virginia entered his plea on November 23 in the United States District Court in Norfolk, Virginia.

Mr. Lezama according to the indictment against him participated in a mortgage loan scheme that obtained over three million dollars in financing to purchase properties in the southeastern area of Virginia. The scheme was conducted between the months August 2005 through January of 2007.

Mr. Lezama submitted fraudulent information on mortgage loan applications to mortgage lenders in regard to wages, employment, assets, liabilities and down payments.

Mr. Lezama is scheduled to appear for sentencing on February 23, 2010. The maximum sentence that he faces is thirty years in federal prison on his charge of wire fraud.