Home Salt Lake City Press Releases 2013 Former Treasure Valley Woman Sentenced for Theft from Financial Institution

Former Treasure Valley Woman Sentenced for Theft from Financial Institution
Defendant to Pay $100,272.32 in Restitution to Bank

U.S. Attorney’s Office May 02, 2013
  • District of Idaho (208) 334-1211

BOISE—Season Heather Hymas, 27, of American Fork, Utah, was sentenced today in United States District Court in Boise to five years’ probation for misdemeanor theft from a financial institution, U.S. Attorney Wendy J. Olson announced. U.S. District Judge Edward J. Lodge also ordered Hymas to pay $100,272.32 in restitution to Wells Fargo Bank. She pleaded guilty to a superseding information on January 14, 2013.

According to the plea agreement, on December 8, 2006, Season Hymas obtained a residential loan based on false statements in a loan application. The false statements included misrepresentations concerning her employment, monthly income, and the account balance of funds held in a bank account.

In December 2011, a federal grand jury returned a superseding indictment charging Season Hymas and her husband, Travis Richard Hymas, 29, with five counts of wire fraud. On June 22, 2012,Travis Hymas was found guilty at trial of all five counts. In October 2012, he was sentenced to 24 months in prison for wire fraud and ordered to pay $241,307.04 in restitution.

The case is part of the investigation of mortgage fraud activity related to Crestwood Homes, which involved multiple defendants who bought and sold real estate in order to “flip” it, or gain profits from the sales. Crestwood Homes was a residential builder in the Treasure Valley that filed for bankruptcy in July 2008. After doing so, it was discovered that individuals associated with Crestwood were involved in submitting fraudulent residential loan applications to lenders. The financial institutions and mortgage lenders incurred substantial losses on the loan transactions.

The case was investigated by the Federal Bureau of Investigation and Internal Revenue Service-Criminal Investigation, with assistance provided by the Office of the United States Trustee and the Idaho Department of Insurance. The case is being prosecuted by the U.S. Attorney’s Office for the District of Idaho and the state of Idaho, Office of the Attorney General.

Today’s announcement is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force (FFETF), which was created in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys’ offices, and state and local partners, it is the broadest coalition of law enforcement, investigatory, and regulatory agencies ever assembled to combat fraud. Since its formation, the task force has made great strides in facilitating increased investigation and prosecution of financial crimes; enhancing coordination and cooperation among federal, state, and local authorities; addressing discrimination in the lending and financial markets; and conducting outreach to the public, victims, financial institutions, and other organizations. Over the past three fiscal years, the Justice Department has filed more than 10,000 financial fraud cases against nearly 15,000 defendants, including more than 2,700 mortgage fraud defendants. For more information on the task force, visit www.stopfraud.gov.