Business / In Brief • Jan. 10, 2013
HONOLULU – A Honolulu woman has been sentenced to more than four years in federal prison after pleading guilty to mortgage fraud and money laundering.
Federal prosecutors say 62-year-old Estrellita Garo Miguel operated a business called “Easy Mortgage.”
Prosecutors say she hired and trained multiple loan officers who then submitted loan applications to lenders with false information. Miguel and the other loan officers also sought to deceive lenders by providing false documentation to support the false information contained in the loan applications.
Miguel was sentenced Tuesday. Prosecutors say so far 21 other defendants have pleaded guilty to charges that arose from the investigation into her business.