Kimberly Williams, 44, of Orlando, has pleaded guilty to conspiracy to commit bank fraud and faces a maximum penalty of 30 years in federal prison, according to a July 16 announcement by United States Attorney Gregory W. Kehoe. A sentencing date has not yet been set.
Court documents show that Williams, along with co-conspirator Kenneth Blair and others, participated in a scheme targeting financial institutions through fraudulent mortgage applications. Williams created fictitious paystubs indicating that borrowers worked at specific companies for certain periods and earned income they did not actually receive. In exchange for these falsified documents, she received payments from Blair.
The fraudulent loans were later purchased and guaranteed by government-sponsored entities including Fannie Mae and Freddie Mac, as well as the Federal Housing Administration.
On April 7, the Department of Justice announced the creation of the National Fraud Enforcement Division. The division’s mission is “to zealously investigate and prosecute those who steal or fraudulently misuse taxpayer dollars.” These efforts are part of President Trump’s Task Force to Eliminate Fraud—a government-wide initiative chaired by Vice President J.D. Vance, aimed at eliminating fraud, waste, and abuse within federal benefit programs.
The investigation was conducted by the Federal Housing Finance Agency – Office of Inspector General and the U.S. Department of Housing and Urban Development – Office of Inspector General. Special Assistant United States Attorney Chris Poor is prosecuting the case.