News and Press Releases

Bethel Park Man Pleads Guilty In Mortgage Fraud Scheme

FOR IMMEDIATE RELEASE
May 3, 2010

PITTSBURGH, Pa. - Acting United States Attorney Robert S. Cessar announced today, May 2, 2010, that Michael Dokmanovich, a resident of Bethel Park, Pennsylvania, pleaded guilty in federal court to a charge of Wire Fraud conspiracy in connection with a mortgage fraud scheme.

Dokmanovich, age 36, pleaded guilty to one count before United States District Judge Donetta Ambrose.

In connection with the guilty plea, Assistant United States Attorney Brendan T. Conway advised the court that Dokmanovich operated Brandy Financial Services Company, which was a mortgage broker 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.

Judge Ambrose scheduled sentencing for August 24, 2010. The law provides for a total sentence of 20 years in prison, a fine of $250,000, or both.  Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the criminal history, if any, of the defendant.

The Mortgage Fraud Task Force conducted 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 Investigations; 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.

Return to Top

USAO Homepage
USAO Briefing Room
Justice 101
Opioid Overdose Reduction Action Plan
National Domestic Violence Awareness Month

Western District of Pennsylvania

honors October 2014 as

National Domestic Violence
Awareness Month

If you or someone you know
has been a victim of domestic violence please contact the
National Domestic Violence
Hotline at:

1.800.799.SAFE(7233)
1.800.787.3224(TTY)

LEARN MORE

Text PGHOD to Tip411 (847411)
Victim Witness Assistance

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

Stop Fraud

Protect yourself from fraud, and report suspected cases of financial fraud to local law enforcement.

Project Safe Childhood

Help us combat the proliferation of sexual exploitation crimes against children.