«

»

Man Pleads Guilty to Mortgage Fraud

EUGENE, Ore. — A Eugene man pleaded guilty Tuesday to a mortgage fraud scmeme in Central Oregon.

Peter Wilkinson, 43, is accused of committing bank fraud. In a plea agreement, he admitted to pushing bad loans through a broker in his Bend company, Deschutes Mortgage Group, causing institutions to lose $2.5 million to $7 million.

Among the accusations, court records state Wilkinson and others obtained financing to purchase real estate by giving lenders false home loan and applications.

A judge is set to sentence him in January. Wilkinson could spend up to 30 years in prison and pay a $1 million fine.

Leave a Reply

Your email address will not be published.


8 × = 48

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>