Tampa, Florida - United States Attorney A. Lee Bentley, III announces the unsealing of an indictment charging Mayory Calvo (34, Doral) with one count of mortgage fraud conspiracy, two counts of bank fraud, and one count of loan and credit application fraud. If convicted, she faces a maximum penalty of 30 years in federal prison on each charge. The indictment also notifies Calvo that the United States is seeking a money judgment for the proceeds of the charged offenses.
According to the indictment and court proceedings, Calvo, who worked at Elite Mortgage Funding, participated in a mortgage fraud conspiracy where some conspirators entered into agreements to purchase properties for amounts in excess of the original asking price. The conspirators then inserted false and fraudulent information on mortgage loan applications, or Fannie Mae Form 1003s, that were submitted in support of the loan requests.
An indictment is merely a formal charge that a defendant has committed a violation of one or more federal criminal laws, and every defendant is presumed innocent unless, and until, proven guilty.
This case was investigated by the Federal Bureau of Investigation and the Federal Housing Finance Agency Office of Inspector General. It is being prosecuted by Special Assistant United States Attorney Chris Poor and Assistant United States Attorney Jay Trezevant.
Source: U.S. Department of Justice, Federal Bureau of Investigation (FBI)
