Two women whose role in a mortgage fraud scheme caused financial losses to lenders have been sentenced to two years in prison after being convicted at trial of conspiracy to commit mail fraud, wire fraud, and bank fraud.
In addition to prison time, Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 34, both of Bakersfield, must forfeit money judgments to the United States for $1,412,100 and $1,017,100, respectively.
At trial, Assistant U.S. Attorneys Kirk Sherriff and Henry Carbajal III proved that Sanchez and Montalvo conspired with co-defendants Eric Hernandez, Monica Hernandez, and Patricia King to defraud lenders. The two women worked at mortgage brokerages in Bakersfield and submitted fraudulent loan applications on behalf of borrowers.
Eric Hernandez, Monica Hernandez, and Patricia King previously pleaded guilty. Eric Hernandez received 10 years and 10 months in prison; Monica Hernandez received one year in prison; and Patricia King received three years and one month in prison.
Read the original article in the Imperial Valley News.