Mortgage fraudster has lenience plea rejected

by Adam Smith11 Sep 2013

The Oregon judge who handed down a tough sentence to a mortgage broker last week has skewered another participant in a mortgage fraud scheme.

Judge Ann Aiken has ignored pleas for leniency in sentencing a former Eugene real estate broker over a mortgage fraud scheme, The Register-Guard has reported. Laura Snyder, who pleaded guilty eight counts of wire fraud in a scheme that generated bad loans costing banks $260,000, asked Aiken for probation rather than prison as she is the main caregiver for her eight-year-old daughter.

But Aiken, who last week sentenced Bend mortgage broker Peter Wilkinson to 57 months for his role in a mortgage fraud scheme, handed Snyder a 21-month prison sentence, The Register-Guard reported.

According to Assistant U.S. Attorney Scott Bradford, Snyder brokered loans for herself by using straw buyers and forging signatures.

In handing down the 21-month sentence, Aiken said Snyder, a licensed broker and CPA, had betrayed a position of trust.

"You knew better. You're trained," Aiken said.


  • by JPS | 9/11/2013 9:27:59 AM

    Wow-hard to imagine someone in her position being so reckless with her life. The CPA's I've worked with were some of the most conservative and careful people and certainly would not have engaged in such dangerous activities to risk license, jail etc...

  • by estaban montoya | 9/11/2013 10:00:39 AM

    Good work Judge! Destroying families is hard work but you seem pretty good at it. No Broker ever defrauded a bank. The banks promoted and encouraged fraud from the bottom up. They not only turned a blind eye to potential fraud their Rep's would design a package that would be approved. Average people have a hard time turning down easy money, especially when the lender says it's o.k.

  • by KK | 9/11/2013 10:06:33 AM

    She knew what she got into it when she signed the dotted line. $260,000 for 21 months prison is too lenience. Average hard working American make about $40,000 per year. $260,000 divide $40,000 should be four and half years prison minimum. The more you cheat, the more prison term.


Should CFPB have more supervision over credit agencies?