Hillsborough County Woman Pleads to Criminal Racketeering Involving Mortgage Fraud
By newsdesk - Posted on February 14th, 2008
February 13, 2008 -- TALLAHASSEE, FL – Florida Attorney General Bill McCollum today announced that a Hillsborough County woman pleaded guilty to criminal charges of racketeering and conspiracy to commit racketeering. Adrienne L. White was involved in a multi-million dollar mortgage fraud scam that stretched across the state and involved one of the nation’s largest sub-prime mortgage companies.
As part of her plea agreement, White is now prohibited from working in mortgage or title industries. She was prosecuted by the Attorney General’s Office of Statewide Prosecution. When she is sentenced at a later date, she could face up to five years in prison to be followed by five years probation.
White, 31, was part of a criminal enterprise which submitted nearly 130 fraudulent documents to Argent Mortgage Company for approximately $13 million in home loans. The three-year investigation was initiated by consumer complaints about incomplete or substandard construction work performed by construction companies affiliated with White’s co-defendants. Her associates would secure fraudulently-obtained mortgages for these homeowners to finance the home repair construction projects.
The charges against White include crimes committed over the course of three years resulting in the processing and approval of 30 residential mortgage loans totaling nearly $3 million. She is one of many targets within the mortgage industry in Florida being investigated by law enforcement and the Office of Statewide Prosecution. Argent executives and outside counsel cooperated with the investigation and assisted the victims in this case, many of whom were facing potential foreclosure actions.
White pleaded guilty yesterday in Polk County to Circuit Court Judge Neil Roddenbery. The joint investigation was conducted by the Florida Department of Law Enforcement, Hillsborough County Consumer Protection Agency, Tampa Police Department and the Office of Statewide Prosecution.
Source: Florida Attorney General
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