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Mortgage Loan Officer Pleads Guilty In Fraud Scheme
Eugene, Ore.. - A Eugene based mortgage loan officer pleaded guilty today based on his participation in a scheme involving the use of fraudulent information on loan applications submitted to obtain mortgage loans.
Karin J. Immergut, United States Attorney for the District of Oregon, announced that Mark Todd Harless, age 40, a resident of Eugene, Oregon, was indicted by a federal grand jury in October 2006. The three count indictment charges that Harless, from January through April 2005, was employed as a loan officer at Allegiance Mortgage Company in Eugene, Oregon. Known as one of "The Boys of Allegiance" in company advertisements, Harless was charged with engaging in a scheme to provide false employment information for some of his customers in order to qualify them for mortgage loans.
According to the indictment, Harless listed in mortgage applications that three customers of Allegiance were each managers of a Eugene children's clothing store, earning at least $3,000 per month, and had been employed there for at least two years. In reality, Harless' girlfriend owned the store and none of the Allegiance customers worked there. Harless was further charged with causing loan applications, containing the false employment and earning information, to be submitted to lenders for loan approval.
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