Employee Steals $2 Million From New Jersey Mortgage Company

June 26, 2019

An employee at an unnamed New Jersey mortgage company stole $2 million by rerouting escrow checks, intended for borrowers, to friends and family, according to a report from HousingWire.

 

"According to the U.S. Attorney’s Office for the District of New Jersey, Dilcia Mercedes pleaded guilty last week to one count of unauthorized access of a computer with intent to defraud and one count of money laundering," according to the report. 

 

"Court documents show that from April 2014 to May 2017, Mercedes worked for an unnamed mortgage lender as a payment processor, and as such, she had access to the company’s computer system."

 

Mercedes used unclaimed checks that were returned to the company as undeliverable. She used company computers to create false requests of wire transfers from customers, however, these transfers were going to accounts of her family members and friends.

 

After the requests were in, Mercedes would then approve the transfers on her side and the funds would be released.

 

To learn more about this case and the penalty that Mercedes will face, click on the image above

 

 

 

Share on Facebook
Share on Twitter
Please reload

Recent Posts

Please reload

Featured Posts

Gateway First Bank Expands With 34 New Mortgages Centers Across The Country

January 8, 2020

1/8
Please reload

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon
  • Grey Facebook Icon
  • Grey Twitter Icon
Subscribe

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

© American Business Media, LLC.