The fallout from the Pierce Bank mortgage fraud case continued in U.S. District Court in Tacoma this week.
The fallout from the Pierce Bank mortgage fraud case continued in U.S. District Court in Tacoma this week.
Three Pierce County women who work for bad-mortgage king Shawn Portmann were sentenced to prison for helping Portmann submit fraudulent loan applications.
Read more here: http://blog.thenewstribune.com/crime/2013/01/15/three-pierce-county-women-sentenced-in-pierce-bank-mortgage-fraud-scheme/
The fallout from the Pierce Commercial Bank mortgage fraud case continued in U.S. District Court in Tacoma this week.
A 30-year-old woman pleaded guilty today in Pierce County Superior Court to participating in a fraud ring that used money purloined from an Ohio bank to pay off the debts of nearly 2,000 people, including more than 75 Joint Base Lewis-McChord soldiers.
Season Heather Hymas, 27, was sentenced Thursday in Boise federal court to five years probation for misdemeanor theft from a financial institution. U.S. District Judge Edward J. Lodge also ordered Hymas to pay $100,272.32 in restitution to Wells Fargo Bank.
Hymas, who formerly lived in the Treasure Valley and now lives in American Fork, Utah, is the 11th Hymas family member or associate to be sentenced as part of a Treasure Valley mortgage fraud case. Two other family members, Aaron and Tiffany Hymas, are awaiting sentencing.
According to the plea agreement, on Dec. 8, 2006, Season Hymas obtained a residential loan based on false statements in a loan application. The false statements included misrepresentations concerning her employment, monthly income and the account balance of funds held in a bank account.
U.S. District Judge Benjamin Settle sentenced Pierce County’s king of bad home loans to 10 years for a mortgage fraud scheme that brought down a local bank, ensnared nine of Shawn Portmann’s former employees and left dozens of families in foreclosure.
Eleven people so far have been sentenced in a Treasure Valley mortgage fraud case.
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