Couple Sentenced for Participation in Mortgage Fraud
Contact: Jan Sharp, Criminal Chief
United States Attorney Deborah R. Gilg announced that Gerald and Judith Williams were sentenced in Omaha, Nebraska, on October 6, 2011, by Chief United States District Judge Joseph F. Bataillon for conspiracy to commit mail and wire fraud. Gerald and Judith Williams both pled guilty to participating in a scheme to fraudulently obtain a series of mortgage loans during 2005 to 2006 to purchase ten homes in the Deer Creek subdivision in Omaha. All the houses eventually went into foreclosure, resulting in a loss to lenders of just over $1.3 million.
Gerald Williams, age 50, received sentencing enhancements based on the amount of loss, his role as an organizer and for abusing his position of trust as a pastor to facilitate the scheme. He was sentenced to 36 months in prison. Gerald Williams must also serve three years of supervised release following his release from prison. Gerald Williams was also ordered to pay restitution in the amount of $1,304,000.00.
Gerald WilliamsМ wife, Judith Williams, also age 50, received a sentencing enhancement based on the amount of loss and a sentencing reduction based on her minimal role. Judith Williams was sentenced to one year plus one day in prison, all other terms being the same as her husbandМs.
This case was investigated by the Untied States Secret Service.