Virgin Island Daily News-
Daniel Rogers on Wednesday became the second former Scotiabank manager in the span of a week to plead guilty to charges of bank fraud, wire fraud and money laundering.
Rogers, 39, entered a plea deal with the U.S. Attorney’s Office admitting to two counts of bank fraud, one count of wire fraud and a single count of money laundering.
The charges stem from a scheme executed between August 2009 and October 2011, when Rogers was a manager in the bank’s centralized retail collection unit, which is responsible for managing foreclosed-upon properties, according to court records.
During that time, Rogers fraudulently added charges to customers’ loan and mortgage accounts for forced place insurance, legal fees and property taxes. The charges essentially are additional loans granted to bank customers to allow them to repay loan-related costs over an agreed payment period.
The properties Rogers targeted had been foreclosed on or were close to foreclosure, so “the customers didn’t pay attention to the additional costs,” according to the plea agreement.
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