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Posted: 12:07 PM Nov 24, 2009
Virginia Man Pleads Guilty in Mortgage Loan Scheme
A Virginia Beach man faces up to 30 years in prison after pleading guilty to wire fraud in connection with a mortgage loan scheme.
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November 24, 2009
NORFOLK, Va. (AP) - A Virginia Beach man faces up to 30 years in
prison after pleading guilty to wire fraud in connection with a
mortgage loan scheme.
U.S. Attorney Neil H. MacBride says 44-year-old Wayne Marlon
Benedic Lezama entered his plea Monday in U.S. Distirct Court in
Norfolk.
According to court documents, Lezama participated in a loan
scheme that fraudulently obtained more than $3 million in financing
to buy homes across southeastern Virginia from August 2005 until
January 2007.
The scheme included submission of false financial information
about down payments, monthly income and liquid assets.
Lezama is scheduled to be sentenced Feb. 23.
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