WESTFIELD, NJ — Monica Cardona, a former loan officer at a Hackensack realty company, was sentenced to a year and a day in federal prison for scamming her office cleaning lady and a bank as part of a mortgage fraud scheme, according to the Cliffview Pilot.
Cardona, 39, of Upper Saddle River, told U.S. District Judge William H. Walls earlier this year that she committed mortgage fraud in connection with the sale of a house in Westwood, the article stated.
Using bogus salary and asset info on her application, she said she got the mortgage from IndyMac Bank, F.S.B.in the name of her cleaning lady and collected the proceeds from the sale, the article noted.
According to the article, Cardona was also sentenced to three years of supervised release and ordered to repay the victims nearly $175,000.
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