According to the Denver Business Journal, a Nigerian national has been deemed the ringleader in a multimillion-dollar mortgage fraud scheme. The 45-year-old was sentenced to 30 years in prison for the scheme, and will be deported back to Nigeria once his prison sentence is completed. The man was convicted on a total of four felony counts, and, along with nine others, was deemed responsible for, according to Attorney General John Suthers, “one of the most expansive and heinous mortgage fraud rings [ever] seen in Colorado.”
Charges involved in this case ranged from forgery to theft and computer crime. A total of 34 real estate deals were connected to these crimes with false invoices, the establishment of shell corporations, and a host of inaccurate information being exchanged with mortgage lenders (in order to acquire larger mortgages) all being utilized in the deception. These infractions, while not violent, are still criminal acts, and are often labeled as white-collar crimes. Typically, the theft or unlawful obtaining of information is deemed as a white-collar infraction, and such charges can be just as harsh as those associated with violent crimes. Particularly since white-collar crimes tend to be committed in tandem with one another, linking multiple charges together can result in harsher, compounded sentences.
Fraud and computer crimes are often complicated, and require the assistance of a knowledgeable legal mind that is familiar with handling cases centering-around white collar crimes. In this particular case, local law enforcement, the Colorado Bureau of Investigation, the Federal Bureau of Investigation, a district attorney, and the U.S. Department of Housing and Urban Development all combined their efforts to not only prosecute those involved, but to understand and collaborate on the complicated charges that were involved. White-collar crimes, regardless of which side of the law that you’re on, require an extensive amount of knowledge and understanding in order to successfully withstand charges associated with them.
If you have been accused of a white-collar crime, your first step is retaining the services of a skilled Colorado criminal defense attorney that understands the intricacies of the involved charges. At The Bussey Law Firm, P.C., our experienced Colorado Springs white-collar crime lawyers will examine every detail of your case to mount the strongest possible defense given the circumstances of the crimes you are being charged with. If you have been arrested, please don’t hesitate to contact us today at 719-475-2555 for more information.