TRENTON, N.J.
(AP) — The admitted ringleader of a northern New Jersey mortgage fraud
scheme has been sentenced to a decade in state prison and ordered to pay
restitution.
The state's attorney general says Genilza R. Nunes
led a team that defrauded a mortgage lender out of more than $431,000 by
obtaining a loan and purchasing a Newark property in the name of a dead
man.
Prosecutors says the 38-year-old Kearny resident pleaded
guilty May 8 to second-degree money laundering and was ordered to pay
more than $42,000 to the lender, Provident Funding Associates. She was
also fined $150,000.
Nunes' five co-defendants have been ordered to pay the balance of the $$254,425 owed to the lender.
Nunes and one of her co-defendants were sentenced Friday in Superior Court in Morris County.
Copyright 2012 The Associated Press.
