This case is the product of a joint investigation by the Federal Bureau of Investigation and IRS, Criminal Investigation. Assistant United States Attorney Laurel Loomis Rimon prosecuted the case.
According to court documents, Ngo, a former employee of Long Beach Mortgage (formerly a subsidiary of Washington Mutual Bank), falsified documents and processed numerous fraudulent loan packages for residential properties located in the
Sacramento and areas. Ngo admitted to lying under oath before the grand jury when he denied that he had received thousands of dollars in kickbacks from a mortgage broker involved in the scheme. Stockton