Real-estate agent gets 41 months in prison in mortgage-fraud case - Denver Business Journal:

A recent article in the Denver Business Journal covered the case of a real estate agent imprisoned for mortgage fraud.

The acting US attorney for Colorado, commenting on a recent mortgage fraud case, stated that, "During these difficult economic times, the citizens of Colorado and the nation must have confidence in the financial marketplace. Those who perpetrate this crime must be held accountable.”

Please click below to read the full article:

Real-estate agent gets 41 months in prison in mortgage-fraud case - Denver Business Journal::

"Real estate agent Linda Edwards was sentenced Friday to up to three years and five months in federal prison and ordered to pay nearly $800,000 after her conviction in a mortgage fraud case.

Edwards, 55, of Centennial, operated Affable Realty in Aurora. She was convicted July 25 after a jury trial on charges of wire fraud, false statements, and false use of a Social Security number, according to the office of David Gaouette, acting U.S. attorney for Colorado."

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Most citizens agree that those involved in mortgage fraud must pay the consequences. However, there will undoubtedly be some who get away with it.

There is a lot of anger at the way the financial institutions have behaved, not fraudulently, but recklessly playing a part in the damage to the nations economy. It seems that many are still receiving bonuses that many ordinary people see as a reward for failure. There seems to be a suggestion, in high places, that the bonuses must continue to be paid otherwise highly skilled financial managers will week work elsewhere, possible overseas. Many people see this merely as a system trying to justify and protect its own!

Please Click Here to visit the Free Mortgage Advice Web Site.

It seems unfeasible that there are not business graduates who could handle top jobs in the financial centers without breaking the banks! Leaving the same people to clear up the mess is a bit like putting a rat in charge of the cheese factory!