Home Boston Press Releases 2009 New Hampshire Man Pleads Guilty to Mortgage Related Wire and Mail Fraud
Info
This is archived material from the Federal Bureau of Investigation (FBI) website. It may contain outdated information and links may no longer function.

New Hampshire Man Pleads Guilty to Mortgage Related Wire and Mail Fraud

U.S. Attorney’s Office October 02, 2009
  • District of New Hampshire (603) 225-1552

CONCORD, NH—United States Attorney John P. Kacavas, Special Agent in Charge of the Federal Bureau of Investigation Warren Bamford, and Postal Inspector in Charge Randy Miskanic announced today that Thomas Ryder, of Henniker, New Hampshire, pleaded guilty to four counts of wire fraud and one count of mail fraud relating to a scheme to defraud lenders by acquiring real estate through straw purchasers using false and fictitious information.

Thomas Ryder admitted that he and others submitted loan applications that contained false statements, including but not limited to, statements as to the actual purchase price of the property, the income, assets and employment history of the purported purchasers, and the intent of the purported purchasers to reside at the residences. The indictment further alleges that the defendants and others than skimmed the difference between the real sales price of the property and the sales price submitted to the lender and upon which the lender provided funds. Ryder and the others then divided the proceeds.

A sentencing hearing is scheduled for January 15, 2010, in the United States District Court in Concord, New Hampshire. Ryder faces a maximum statutory sentence of 20 years, though his suggested sentence under the advisory United States Sentencing Guidelines is likely to be much lower.

Assistant U.S. Attorney Don Feith prosecuted this case.

This content has been reproduced from its original source.