Philadelphia Woman Charged With Loan Fraud
United States Attorney Zane David Memeger announced that Tanika V. Little, 37, of Philadelphia, was charged in an Indictment with loan application fraud. According to the indictment, at a time when Little was under the supervision of the United States District Court for the Eastern District of Pennsylvania and awaiting sentencing, Little allegedly submitted a loan application to PNC Bank, N.A. and falsely represented that she was employed by Southeastern Pennsylvania Transportation Authority (SEPTA) and also provided PNC Bank with fraudulent pay stubs in order to influence the actions of the bank upon a $50,400 cash-out refinance loan.
If convicted the defendant faces a maximum possible sentence of 40 years’ imprisonment, five years’ supervised release, a $1,000,000 fine, and a $100 special assessment.
The case was investigated by the United States Secret Service and is being prosecuted by Assistant United States Attorney Anita Eve.
An Indictment or Information is an accusation. A defendant is presumed innocent unless and until proven guilty.