MIAMI (AP) - Authorities say the owner of a West Palm Beach real
estate title company has been sentenced to five years in prison for
her part in a a mortgage fraud scheme.
Federal prosecutors say Evelyn Rivera, a licensed title agent
and owner of Asset Title LLC, received her sentence on Friday.
Rivera had previously pleaded guilty to participating in a scheme
to net $18.5 million from fraudulent mortgages on 55 Fort
Lauderdale condominium units.
Authorities discovered the fraud after about $690,000 in fraudulent mortgage loans had been issued on two units.
Mike Acosta, a licensed property appraiser, and William Louisma, a recruiter of straw buyers, were also convicted for their roles in the scheme.
Acosta was sentenced to 41 months in prison, and Louisma was sentenced to 46 months.