Linda Edwards, 55 of Centennial, and Ladonna Mullins, 73,Denver, were convincted Friday in a complex mortgage fraud scheme, officials said on Monday.
The two were convicted of wire fraud, making false statements, false use of a social security number, making false statements to a financial institution, and criminal forfeiture.
The verdict was handed down following a 14-day jury trial before U.S. District Court Judge Marcia S. Krieger.
The jury deliberated for a day and a half before reaching their verdict.
Edwards and Mullins are scheduled to be sentenced by Krieger on Dec. 15.
The guilty verdicts were announced on Monday by United States Attorney Troy Eid, IRS Special Agent in Charge, Criminal Investigation, Christopher Sigerson, and Special Agent in Charge of the Office of Inspector General for Housing and Urban Development (HUD) Phyllis Robinson.
Edwards and Mullins were first indicted by a federal grand jury in Denver on Feb.17, 2005.
According to the indictment, as well as evidence presented during the trial, Mullins worked as a real estate agent doing business through "LaDonna's Realty and Management," in Denver.
Edwards worked as a real estate agent doing business through "Affable Realty," in Aurora.
Both businesses were used to further mortgage fraud.
<snip>
Upon sentencing, Edwards could be sentenced to: Wire Fraud, either up to five years or up to 20 years imprisonment (depending o n the date of the crime); $250,000 fine; restitution; and threeyears supervised release. False Statements: five years imprisonment; $250,000 fine; and three years supervised release. False Use of Social Security Number: five years imprisonment; $250,000 fine; and three years supervised release. The prosecution will also seek forfeiture of all property involved in the scheme as determined by the court.
Mullins could also be sentenced to: Wire Fraud, five years imprisonment; $250,000 fine; restitution; and three years supervised release. The prosecution will also seek forfeiture of all property involved in the scheme as determined by the court.
<snip>
Hmmmmmm - I wonder if they'll think it was worth it on Dec. 15th?!
