Spring Hill man pleads guilty to fabricating thousands of foreclosure inspection reports

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Spring Hill man pleads guilty to fabricating thousands of foreclosure inspection reports

Spring Hill man pleads guilty to fabricating thousands of foreclosure inspection reports

I think we know of several firms that have gone, mailed and wired similar 100,000’s of similar fabricated documents to courts and they are still living quite well with no punishment.

Tampa Bay Times-

As the housing market imploded, Dean Counce’s business boomed.

Counce’s Brooksville company contracted with lenders to regularly inspect properties in foreclosure throughout the state. By 2009, Counce was sending as many as 100,000 inspection reports each month to Bank of America, receiving about $6.50 for each. Bank of America then billed the federal entities that owned or insured the mortgages.

At one point, Counce was making as much as $1 million per month.

The problem: Half of those reports were fabricated. Now, investigators say, Counce owes taxpayers more than $12 million and faces up to 20 years in prison.

On Friday, the 42-year-old Spring Hill resident pleaded guilty in federal court to one count of conspiracy to commit wire fraud. His sentencing date has yet to be set.

[TAMPA BAY TIMES]

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