A 43-year-old CPA from Granada Hills, Calif., has been convicted of one count of conspiracy to commit bank fraud and wire fraud, and two counts of bank fraud. Mosley is scheduled to be sentenced on August 5. Her co-defendant Zulfiya Karimova, 33, a loan officer from Cupertino, Calif., pleaded guilty to similar charges and is scheduled to be sentenced this week.
According to court records and evidence introduced at the trial, from November 2006 through November 2007 the two obtained money from by providing false information on mortgage loan applications and supporting documentation of house buyers. Karimova found buyers to apply for loans and included bogus information about their income and assets while Mosley provided supporting documentation.
The two received their money by having the financial institutions disburse proceeds from the loans at closings. This included three houses in the Las Vegas area with the buyers defaulting on the loans.