Homebuilder Admits to Mortgage Fraud

In the city of Sacramento, a homebuilder recently agreed to plead guilty to white collar crime charges of mortgage fraud.  The homebuilder, 59 year old Anthony Symmes, was charged with fraud after he inflated the prices of 62 new homes as part of a large scheme that resulted in an international investigation and manhunt.

Symmes acknowledged that he sold homes to an unlicensed mortgage broker when housing prices started to drop in 2006.  All of this information was detailed in a plea agreement drafted by U.S. Attorney Benjamin Wagner.

The mortgage broker that Symmes sold the homes to, Garret Griffith Gililland, fled the United States three years ago.  However, he was discovered and arrested in Spain after fleeing.

At this time, Symmes is waiting for his trial to commence as he has pled not guilty to 24 other charges involving the national $100 million mortgage fraud ring.

Anytime people have been charged with white collar crimes in Los Angeles, they should speak with a Los Angeles criminal defense lawyer from Okabe & Haushalter as soon as possible.  Contact our law firm to learn how we can help you fight your criminal charges in the state of California.