Mortgage Company Operator Sentenced To Prison For Fraud Scheme
PITTSBURGH, Pa. ‑ A resident of Bethel Park, Pa., has been sentenced in federal court to 41 months in prison on his conviction of wire fraud conspiracy in connection with a mortgage fraud scheme, United States Attorney David J. Hickton announced today.
United States District Judge Donetta W. Ambrose imposed the sentence on Dokmanovich, age 37.
According to information presented to the court, Dokmanovich operated Brandy Financial Services Company, which was a mortgage brokerage company. Dokmanovich participated in a conspiracy in which he submitted loan documents to lenders that overstated the borrowers' financial condition, including their assets and income.
The conspiracy also involved appraisals that overstated the true fair market values of the properties serving as collateral for the loans. In addition, the conspiracy involved fraudulent closings, in which the closing agent executed closing documents that falsely represented that the borrowers had made down payments associated with the purchases of the properties when the borrowers did not make down payments.
Assistant United States Attorney Brendan T. Conway prosecuted this case on behalf of the government.
U.S. Attorney Hickton commended the Mortgage Fraud Task Force for conducting the investigation that led to the prosecution of Dokmanovich. The Mortgage Fraud Task Force is comprised of investigators from federal, state and local law enforcement agencies and others involved in the mortgage industry. Federal law enforcement agencies participating in the Mortgage Task Force include the United States Secret Service; the Federal Bureau of Investigation; the Internal Revenue Service, Criminal Investigation; the United States Postal Inspection Service; and the United States Department of Housing and Urban Development, Office of Inspector General. Other Mortgage Fraud Task Force members include the Allegheny County Sheriff's Office; the Pennsylvania Attorney General's Office, Bureau of Consumer Protection; the Pennsylvania Department of Banking; the Pennsylvania Department of State, Bureau of Enforcement and Investigation; and the United States Trustee's Office.
Mortgage industry members with knowledge of fraudulent activity are encouraged to call the Mortgage Fraud Task Force at (412) 894‑7550. Consumers are encouraged to report suspected mortgage fraud by calling the Pennsylvania Attorney General's Consumer Protection Hotline at (800) 441‑2555.
Protect yourself from fraud, and report suspected cases of financial fraud to local law enforcement.