Virginia Woman Admits Straw Buyer Scam

Shanita Lacy, 34, Chesapeake, Virginia, pleaded guilty in Norfolk, Virginia, federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain home mortgages. Lacy faces a maximum penalty of 30 years in prison and a fine of $1,000,000 when she is sentenced on March 18, 2011. According to court documents, Lacy admitted that, during 2007 and 2008, she conspired with others to fraudulently obtain eight mortgage … Read More…

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