April 24, 09

NEWS / Local Real Estate Broker Sentenced for Falsifying Loan Applications

NEW ORLEANS, LA—LORRAINE MILLER, age 45, a resident of New Orleans, was sentenced today in federal court by U. S. District Judge Ivan Lemelle to three (3) months incarceration and nine (9) months home confinement for falsifying loan applications for properties located in the New Orleans area, announced U. S. Attorney Jim Letten. In addition to the term of imprisonment, Judge Lemelle ordered that MILLER be placed on five (5) years of supervised release following the term of imprisonment, during which time the defendant will be under federal supervision and risks an additional term of imprisonment should she violate any terms of her supervised release.

According to court documents, on July 16, 2008, MILLER pled guilty to four counts of a bill of information admitting that she provided false information to Fannie Mae, Chase Manhattan Bank and Union Planters Bank in order to secure loans for the sale and purchase of local real estate. According to the bill of information, MILLER was responsible for fraudulently obtaining a total of $244,100.00 in loans on three separate properties.

The case was investigated by Special Agents of the Federal Bureau of Investigation and U. S. Department of Housing and Urban Development, Office of Inspector General. The case was prosecuted by Assistant United States Attorney G. Dall Kammer.

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