David Saks: Illinois Clerical Employee Charged with Mortgage Fraud

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Illinois Clerical Employee Charged with Mortgage Fraud

                                               Clerical Employee Charged with Mortgage Fraud

Mirasol Salazar, 35, a seven-year clerical employee for the Town of Cicero, Illinois, was charged with altering her pay stubs and W-2 forms to inflate her income from $30,000 to over $52,000 in order to qualify for a loan on a Berwyn, Illinois home.

The house fell into foreclosure when the defendant failed to make mortgage payments.

The defendant was indicted on charges of Financial Institution Fraud, Theft, Theft by Deception, Loan Fraud, and three counts of Forgery.

The defendant pled not guilty to the charges.

State's Attorney Anita Alvarez announced the indictment.

The indictment followed an investigation by the Cook County State's Attorney's newly formed Mortgage Fraud Investigations and Prosecutions Unit

Alvarez said the indictments signal the commitment of the State's Attorney's Office to address the growing problem of mortgage fraud at the local level.

"When we created the mortgage fraud unit we made a pledge to the people of Cook County that we would aggressively investigate and prosecute these cases," said Alvarez. "These indictments show we are keeping our commitment and will continue the work we started."

Alvarez also announced today that residents of Chicago's West Side and the Western Suburbs will have a new resource in the fight against mortgage fraud with the opening of a third State's Attorney Community Justice Center in Oak Park.

Assistant State's Attorney's in the Mortgage Fraud Unit are assigned to each Community Justice Center to help them work closely with residents, taking a proactive, community based approach the handling of these cases.

Individuals with tips on suspected fraud are encouraged to email the Mortgage Fraud Unit at mortgagefraud@cookcountyil.gov.

The public is reminded that criminal charges are not evidence of guilt. The defendants are entitled to a fair trial in which the state has the burden of proving guilt beyond a reasonable doubt.

Thanks Rachel-MFB

David Saks

Time&Temp Memphis

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Comment balloon 2 commentsDavid Saks • June 16 2011 02:11PM


Thats scary. I know of people who have done this very thing, and had the same result of losing the home. On a crazy "coincidental" topic, I even took a call "today" from a FBI agent who was looking into a fraud investigation from a broker and we were one of the victims funding thier fraud scheme from 2005!?!?!?

Its a whole new world out there and those who did bad things BEWARE, you may be OK today but the time is coming and those who acted in fraudulent ways are being targeted now or are soon coming to the head of the line!

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) over 9 years ago

My advice is always play fair, David. Many don't. I routinely, although not habitually, get calls from attorneys or agents representing clients in cases I've posted asking for additional information. My work usually stops with the original blog post unless I receive further information or press releases from the FBI, IRS, Fincen, or Attorney Rachel Dollar and her network for real estate fraud investigation, Mortgage Fraud Blog. I post any subsequent or commensurate follow-up that would further an interest in the case.

Bad deals, bad deals. Watcha gonna do when FEDS come for you ?

Posted by David Saks ((retired)) over 9 years ago

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