Hingham woman gets 2 years in prison for mortgage fraud

[TexasTowelie]

HINGHAM – Denise Bruce got $2.1 million in bank loans for five bogus mortgages. Now the Hingham woman has been sentenced to two years in prison for fraud.

Bruce, 56, was indicted in U.S. District Court in Boston on five counts of bank fraud in September 2015, for getting five bogus mortgages worth $2.1 million for a single home she already owned at 56 Park View Dr.

She pleaded guilty in May of this year, and on Thursday was sentenced to two years in prison, five years of supervised release, and $2.8 million in restitution. The U.S. Attorney's Office announced the sentence.

Bruce also used the name Denise David. Between 2004 and 2008 she got mortgages each worth $325,000 to $487,500 on the Park View Drive property, by filing false information about her employment history, income, assets and debt.

Read more: http://www.patriotledger.com/news/20160915/hingham-woman-gets-2-years-in-prison-for-mortgage-fraud

[scscholar]

1. Two years for five counts...

but Wells Fargo gets nothing for doing this hundreds of thousands of times.

[Sherman A1]

2. Agreed

well, a bunch of lower level folks did get axed. The upper levels of course got not even as much as a reprimand.