Women Get 10 Years for Mortgage Fraud Scheme
June 29, 2011
- Two women were sentenced Monday to 10 years in the Illinois Department of Corrections for involvement in a suburban mortgage fraud scheme.Pamela Williams, 58, of Darien and Patricia Johnson, 57, of Naperville pleaded guilty April 4, 2010, to stealing more than $500,000 from November 2007 to April 2008 from clients of Williams business, PLM Title Company.
Johnson was a silent partner in Williams company. Mortgage holders would wire money into a PLM account when a client closed on a house in order to pay off the clients previous mortgage. But instead of going towards the mortgage, the money was used by the two women for personal expenses.
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