Two Admit to Fraudulent Home Loan Application
0 Updated at 10:28 am, July 25th, 2013 By: News Idaho
(POCATELLO, ID) – Two people have admitted to making false statements to federal housing authorities in an effort to secure a home loan. Thirty-seven-year-old Darin Henecke of Pocatello and 59-year-old Karen Shaw of Chubbuck told officials from the U.S. Department of Housing and Urban Development that they were receiving $2,400 in monthly income that in reality wasn’t there. The pair qualified for the loan, and later went into foreclosure, causing the agency to take a major loss. Both individuals face fines of more than $49,000 each and up to a year in prison.
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