WRIC Richmond News and Weather - Ashburn, Va. woman indicted in $50M mortgage fraud

Ashburn, Va. woman indicted in $50M mortgage fraud

Associated Press - July 15, 2009 5:35 PM ET

ASHBURN, Va. (AP) - The Loudoun County Sheriff's Office says an Ashburn woman has been indicted for mortgage fraud involving more than 100 homebuyers.

Forty-2-year-old Diane Frederick Atari is charged with inflating the income of clients and fraudulently fixing their credit so they could buy homes they couldn't afford.

The loss on the fraudulent mortgages is estimated at $50 million and the sheriff's office said she made more than $1 million in the scheme.

Police believe Atari fled the country last week, possibly to Jordan, and have asked Interpol for help finding her.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
All content © Copyright 2000 - 2010 WorldNow and WRIC. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.