NEW ORLEANS – U.S. Attorney Peter G. Strasser announced that
VALERIE SCHONES, age 54, of Tucson, Arizona, a former employee of an
undisclosed entity, XYZ Financial, LLC, also located in Tucson, Arizona, has
pleaded guilty yesterday to a Bill of Information charging her with Making
False Statements to a Financial Institution.
According to court documents, beginning in or around October
2008 and continuing to on or about May 2009, SCHONES, along with co-defendants
PATRICK HEALEY and JARED CASTELLAW made false statements to the Federal Housing
Administration “FHA” in order to assist low-income borrowers wishing to
purchase homes in St. Bernard in qualifying for FHA insured loans that they
would not otherwise have qualified for. In total, due to the acts of the
defendants, the FHA suffered a loss in excess of $852,415.
SCHONES faces a maximum of 30 years imprisonment, a fine of
not more than $1,000,000, supervised release of up to 5 years, and a special
assessment of $100. The Court set sentencing in this matter for July 10, 2019
at 2:00 p.m.
U.S. Attorney Strasser praised the work of the Department of
Housing and Urban Development, Office of Inspector General and the Federal
Bureau of Investigation. The case is being prosecuted by Assistant U.S.
Attorneys Sharan E. Lieberman and Edward J. Rivera.
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