McKeesport Man Pleads Guilty in Mortgage Fraud Scheme

PITTSBURGH—A resident of McKeesport, Pennsylvania pleaded guilty in federal court to a charge of wire fraud, United States Attorney David J. Hickton announced today.

Jason Dull, 41, pleaded guilty to one count before United States District Judge Terrence F. McVerry.

In connection with the guilty plea, the court was advised that Dull and Gilbert Fischer operated Lender’s Corner, which was a mortgage broker company that assisted individuals to obtain financing collateralized by real estate. Dull participated in a scheme to defraud lenders in which he and others associated with Lender’s Corner submitted false information to lenders regarding borrowers’ income and employment status.

Judge McVerry scheduled sentencing for July 8, 2011. The law provides for a total sentence of 20 years in prison, a fine of $250,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the criminal history, if any, of the defendant.

Assistant United States Attorney Brendan T. Conway is prosecuting this case on behalf of the government.

The Mortgage Fraud Task Force conducted the investigation that led to the prosecution of Dull. The Mortgage Fraud Task Force is comprised of investigators from federal, state, and local law enforcement agencies and others involved in the mortgage industry. Federal law enforcement agencies participating in the Mortgage Task Force include the Federal Bureau of Investigation; the Internal Revenue Service - Criminal Investigation; the United States Department of Housing and Urban Development, Office of Inspector General; the United States Postal Inspection Service; and the United States Secret Service. Other Mortgage Fraud Task Force members include the Allegheny County Sheriff’s Office; the Pennsylvania Attorney General’s Office, Bureau of Consumer Protection; the Pennsylvania Department of Banking; the Pennsylvania Department of State, Bureau of Enforcement and Investigation; and the United States Trustee’s Office.

Mortgage industry members with knowledge of fraudulent activity are encouraged to call the Mortgage Fraud Task Force at (412) 894-7550. Consumers are encouraged to report suspected mortgage fraud by calling the Pennsylvania Attorney General’s Consumer Protection Hotline at (800) 441-2555.