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Tampa mortgage broker pleads guilty to fraud charges

TAMPA — A mortgage broker lied to get a loan for condos, then misused the proceeds to buy a jewelry store, authorities said, and he pleaded guilty Wednesday to crimes that could send him to federal prison for 30 years.

David Vazquez, 35, of Puerto Rico pleaded guilty to making false statements to a financial institution. According to a plea agreement with the U.S. Attorney's Office, Vazquez, then a broker for DVA & Associates in Tampa, lied and induced others to lie in order to get loans to purchase three units in the Arbors at Carrollwood, a 390-unit condominium complex at 3939 Ehrlich Road. Vazquez and his partners defrauded lenders out of an estimated $645,872, prosecutors said, by lying about incomes, assets and liabilities and intentions to occupy the condos.

Tampa mortgage broker pleads guilty to fraud charges 06/26/13 [Last modified: Wednesday, June 26, 2013 6:14pm]
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