Lake County Woman Charged With Conspiracy To Commit Bank Fraud

Tampa, FL – United States Attorney Roger B. Handberg announces the return of an indictment charging Angel Jackson (44, Astatula) with one count of conspiracy to commit bank fraud. If convicted, Jackson faces a maximum penalty of 30 years in federal prison. 

According to the indictment, Jackson and others conspired to create and execute a mortgage fraud scheme targeting financial institutions. To ensure that otherwise unqualified borrowers obtained mortgage loans from financial institutions, Jackson created fictitious and fraudulent paystubs that falsely indicated that the borrowers worked at particular companies for certain periods of time and earned income that they did not. Further, Jackson altered legitimate Social Security benefit letters to reflect exaggerated monthly disability income, and she altered bank statements to show falsely inflated account balances. Based on Jackson’s and her co-conspirators’ misrepresentations, the financial institutions approved and funded the mortgage loans.

An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.  

This case was investigated by the Federal Housing Finance Agency – Office of Inspector General and the U.S. Department of Housing and Urban Development – Office of Inspector General. It will be prosecuted by Special Assistant United States Attorney Chris Poor.