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Couple pleads guilty to $8.8M mortgage fraud scheme | Crime

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Couple pleads guilty to $8.8M mortgage fraud scheme
Crime, News, People
Couple pleads guilty to $8.8M mortgage fraud scheme

Tallahassee, FL -- On Nov. 9, a Tampa couple pled guilty for their involvement in a mortgage Fraud racketeering conspiracy that involved over 30 properties in 7 counties between 2003 and 2007.

According to a release from the Attorney General's office, 44-year-old David Barile and 35-year-old Melissa Barile were among five arrested in April who prepared and submitted 50 fraudulent residential mortgage loan applications to residential mortgage loan lenders resulting in mortgages totaling approximately $8.8 million. The fraudulent mortgages involved 33 properties in Hernando, Hillsborough, Orange, Pasco, Pinellas and Seminole counties.

The Bariles will be sentenced at a later date and, as part of their agreement, they working with authorities in the cases against others involved in this criminal mortgage fraud ring. Other co-defendant include Craig Hudson, Lynne Hudson, William Bolton, Stephanie Bolton and Eric Rivero. Their cases are still pending.

"Considering the amount of work by the investigative team and the overall strength of this case, it does not surprise me the Bariles decided to plea,” Chief Investigator Kevin Jackson, Hillsborough County Consumer Protection Agency said in a release. "All the defendants in this case certainly contributed in their own way to the ongoing problem consumers commonly know as the housing and mortgage crisis.  I'm hopeful each of them will pay for their involvement in the scheme."

The investigation into this scheme was the result of a collaborative effort among the Attorney General’s Office of Statewide Prosecution, the Florida Department of Law Enforcement and the Hillsborough County Consumer Protection Agency.

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