Collierville Woman Sentenced to 75 Months in Fraud Scheme
For Immediate Release
U.S. Attorney's Office, Western District of Tennessee
Memphis, TN – Latrice Calvin, 48, of Collierville, Tennessee was sentenced to 75 months in federal prison in connection with a scheme to defraud mortgage lending institutions and individuals of more than $1.5 million dollars. U.S. Attorney D. Michael Dunavant announced the sentence today.
Calvin entered a plea of guilty to a one-count information charging her with wire fraud in May. According to the information, between April 2016, and October 2018, Calvin, through her company, Trinity Home and Investments, made false statements and representations to mortgage lenders and individuals to induce them to fund mortgage loans and invest monies with Trinity.
On October 18, 2019, United States District Judge John T. Fowlkes, Jr., sentenced Calvin to 75 months imprisonment followed by 4 years of supervised release. She was also ordered to pay restitution to the lenders and investors in the total amount of $1,524,564.28 and to pay a money judgment to the United States in the same amount.
U.S. Attorney D. Michael Dunavant said, "Financial fraud can happen anywhere, and can be devastating to lending institutions and individual investors. The defendant used her position of trust and authority to steal proceeds for her personal benefit, and her dishonesty has been exposed. We are pleased that justice has been achieved on behalf of the victims, and we commend the FBI for their outstanding investigation in this disturbing case. Wherever fraud occurs in the Western District of Tennessee, this office will be prepared to hold offenders accountable."
The Federal Bureau of Investigation investigated this case.
Assistant U.S. Attorney Carroll L. André III prosecuted this case on behalf of the government.
Updated October 18, 2019