A Roseville man has been convicted of wire fraud for his role in a mortgage fraud scheme.
Erick Hermann Green, 33, was found guilty by a federal jury in Sacramento on Tuesday, following a six-day trial before U.S. District Judge Troy L. Nunley, according to a U.S. Attorney’s Office news release.
Evidence presented during the trial indicated Green was part of a large-scale scheme to defraud the New Century Mortgage Co. by submitting false documentation of employment, income and assets, including fraudulent loan applications and other altered bank documents. About November 2006, when Green submitted fraudulent loan applications to obtain an $820,000 loan, he was a licensed real estate salesman and managed approximately 15 loan officers. As part of the scheme, Green received a check for $100,000 that was funneled through a shell company at the close of escrow. Green used those funds for personal expenses, authorities said.
Green is to be sentenced by Judge Nunley on Nov. 19.
Co-defendant Stephen Pirt pleaded guilty to wire fraud on Sept. 19, 2013, and is awaiting sentencing Sept. 24.
The case resulted from an investigation by the Internal Revenue Service – Criminal Investigation and the Alameda County District Attorney’s Office.