Mortgage Lender Executive Admits Role in Nearly 9 Million Dollar Embezzlement Scheme

Claud Mccoid

New York, NY(Regulation Company Newswire) June 24, 2019 – A best government at a Extensive Island-primarily based home loan loan provider pleaded guilty to numerous rates in connection with an $eight.nine million embezzlement plan.

Edward E. Bohm, former president of revenue at Vanguard Funding, was billed with conspiracy to commit wire fraud and bank fraud. The 41-yr-outdated was also an undisclosed owner of the company. Bohm faces a jail sentence of up to 30 several years together with restitution and legal forfeiture. Nonetheless, he is anticipated to acquire a shorter sentence like his co-conspirators who pleaded guilty to the very same rates.

“Fraud rates of this magnitude demand an intense defense that guards the rights of the accused,” commented Peter Brill, a New York legal defense attorney with Brill Legal Team, who is not concerned with the case. “Embezzlement is a really serious white collar criminal offense that carries lengthy-term … Read More