Four metro Atlantans were sentenced to either probation or federal prison this week after using fake documents to obtain more than $2.7 million in home loans.
The co-conspirators , who were convicted on charges that included conspiracy and mail and wire fraud, used straw borrowers to apply for and obtain loans in a scheme that began in 2008, according to U.S. Attorney Sally Quillian Yates.
Yates’ office identified the defendants as Patrice Hairston,, 52, of Lawrenceville; Sarah Hyldahl, 32, of Marietta; Bonnie Rose, 54, of Jonesboro; and Ronnika Allen, 30, of Powder Springs.
Prosecutors said straw borrowers were provided with falsified information pertaining to employment, income and assets and submitted fake W-2s and bank statements. Prosecutors said Hairston and Rose purchased and lived in homes using similar bogus loan information.
After appearing before a U.S. District judge in Atlanta, Hairston received five years and four months in prison; Hyldahl received a year and a day in prison; Rose received three years of probation; and Allen received two years of probation.
The four also must pay restitution, with Hyldahl and Rose expected to pay the most, $798,299 and $339,531, respectively.
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