News and Press Releases

Florida Mortgage Broker Sentenced to 2 Years for Wire Fraud

FOR IMMEDIATE RELEASE
January 12, 2012

Orlando, Florida - U.S. Attorney Robert E. O'Neill announces that Chief U.S. District Judge Anne C. Conway today sentenced Keith Davis (39, Jacksonville) to 2 years in federal prison for conspiracy to commit wire fraud. As part of sentence, the court also ordered him to pay $1,004,000.04 in restitution to the victims of his crime. Davis previously pled guilty on July 6, 2011.

According to court documents, Davis, a mortgage broker and real estate marketer, owned and operated TLC Mortgage. Davis used TLC mortgage to market condominium projects to buyers looking for investment properties. To attract buyers to these projects, financial incentives were provided to buyers and masked on the HUD-1 to fraudulently obtain loans. From 2008 until February 2009, Davis used TLC to market condominiums to buyers, assist buyers in fraudulently obtaining loans in excess of the purchase price, and received kickbacks after closing. In total, Davis caused approximately $1,004,000.04 in loss to his victims.

This case was investigated by the Federal Bureau of Investigation and Florida Office of Financial Regulation. It was prosecuted by Assistant United States Attorney Vincent A. Citro.

 

 

 

 

 

 

 

 

Return to Top

USAO Homepage
Justice 101
The Attorney General's Smart On Crime Initiative
Red Ribbon Week October 23-31
Victim Witness Assistance

Making sure that victims of federal crimes are treated with compassion, fairness and respect.

For
VICTIM INFORMATION on the following cases:

EMG - Evolution Marketing Group

Gunter

Law Enforcement Coordinating Committee

Training and seminars for Federal, State, and Local Law Enforcement Agencies.