Former Lyon County Title Company Owner Sentenced To Almost Two Years In Prison For Identity Theft And Tax Evasion
Las Vegas, Nev. – A former real estate title company owner in Yerington, Nevada, who pleaded guilty last November to federal identity theft and tax evasion charges for obtaining mortgage loans in the names of other individuals and diverting corporate monies for her own personal use, has been sentenced to 21 months in prison, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
DONNA LYNN GLOCK, currently of Baker City, Oregon, was sentenced yesterday in Reno by U.S. District Judge Howard D. McKibben. In addition to serving 21 months in prison, she must also pay $319,386.83 in restitution, and serve 3 years of supervised release. Her sentence was increased because the offenses involved more than minimal planning, more than one victim, and because she abused a position of trust.
"Individuals who abuse the authority of their position to commit identity theft and fraud are fueling one of the most significant crime problems currently facing the nation and Nevada," said U.S. Attorney Bogden. "Identity theft harms the American people and its damage is widespread. Persons committing these sorts of offenses in Nevada will be prosecuted."
"Today's sentencing sends a message to all who would use identity theft to perpetrate fraud against the tax system," said J. Wesley Eddy, Special Agent-in-Charge of the Las Vegas Field Office for IRS Criminal Investigation. "The IRS takes these crimes very seriously and will use our resources to bring the full forces of justice to those who commit them."
GLOCK pleaded guilty last November to one count of Identity Theft and one count of Tax Evasion. According to the guilty plea memorandum, GLOCK operated American Title & Escrow, Inc., in Yerington during the years 1999 to 2000. Old Republic National Title Insurance Company in Minneapolis, Minnesota, was the underwriter for American Title & Escrow, Inc. GLOCK admitted that she created false documentation and used the names of other individuals to obtain three mortgage loans totaling approximately $192,500. GLOCK listed their names on preliminary reports of title insurance indicating they had fees in certain real properties, when in fact they did not. GLOCK also listed their names and forged their signatures on deeds of trust, assignments of rents, and promissory notes to secure monies from private lenders. These individuals included her daughter, her daughter's husband, and a close friend of her daughter's. During the years 1999 and 2000, GLOCK also diverted $377,511 from the bank accounts of American Title & Escrow, Inc. for her own personal use. She did not report the misappropriated funds as income to the IRS, nor did she file a tax return for the years 1999 and 2000. The tax loss to the IRS for both years is estimated to be $118,516. The underwriting company, Old Republic National Title Insurance Company, reimbursed the private lenders.
GLOCK is free on a personal recognizance bond and must self-surrender to federal prison no later than July 3, 2006.
The case is being investigated by Special Agents with IRS Criminal Investigation and the FBI, and prosecuted by Assistant United States Attorney Brian Sullivan.