VA Mortgage Executive Charged for Fraud
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Posted: 11:54 AM Mar 10, 2009
VA Mortgage Executive Charged for Fraud
RICHMOND, Va. (AP)
A mortgage executive faces charges of defrauding five mortgage companies and various investors out of $1.4 million and lying to get a mortgage.
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A mortgage executive faces charges of defrauding five mortgage companies and various investors out of $1.4 million and lying to get a mortgage.

U.S. Attorney Dana Boente says 42-year-old Stacy Lynn Chamberlain of Unionville was charged Monday with mortgage fraud on a federally insured bank and wire fraud. She faces up to 360 years in prison and $5.25 million in fines.

Chamberlain was Richmond branch manager for Gateway Funding Diversified Mortgage Services. The indictment charges that she used a straw purchaser and falsified documents to get a $489,900 home in Maryland.

It says she also lied about her credentials to get work in the field. When she did, she attempted to misappropriate funds and assets and took steps to cover it up.


Latest Comments

Posted by: bigdaddy on Mar 12, 2009 at 02:06 PM

and the thing that is killin me ...is that the FBI and all involved are doing the let's make a deal game.. other's involved ,investdigated...for ins. fraud and what ever ells...FBI..."you make this stick ...quilty or not...we'll let these other's slide..!"...Abc #3...WHVB ....YOU CAN TAKE THAT TO THE BANK....So i say again...who are the real crook's here.....?
Posted by: big daddy Location: jerittsville on Mar 12, 2009 at 01:15 PM

the straw as you call her... did she falsify the doc's her self.....? And the extensive back ground check's that are involved in that biz.....make's me wonder if she's bing set up as a fall guy...???? from some one who know's and is very close to this one...... plz look at the rls in this one there's more to her than you would think...were did the new Tahou and new mustang and 20,000.00 come from..Robin lynn Soth.you know.?????she worked for the accused...and accused did not give it up at all....she was duped by the ones your to trust...family and boyfriends.......brandy cohen who lives in that house to this day was her boy friend at the time just sold all the benifits from his schiming in this deal and hiden the cash and now is claming bankroupce and still driveing the ford explorere got from his schiming......so who is the real criminal here i wonder .....!!!!!!
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