TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Murrysville woman pleads guilty to mortgage fraud scheme

Daily Photo Galleries

Friday, May 10, 2013, 4:42 p.m.
 

A Murrysville woman pleaded guilty Friday to conspiring to defraud people who invested their money with the East Haven Housing Development Co.

Bonnie Gardner, 55, pleaded guilty to a single count of mail and wire fraud conspiracy. She and Frank Guzik Jr., whose last known address was in Derry, persuaded more than 100 people to invest more than $14 million in a fake “house flipping” scheme, prosecutors say.

In a complicated scheme using straw purchasers, multiple mortgages on each property and faked documents, the pair tricked their victims into thinking the investments were secure and earning money, prosecutors said.

U.S. District Judge Nora Barry Fischer scheduled Gardner's sentencing for Oct. 18. Guzik disappeared and federal agents have a pending warrant for his arrest on fraud charges.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Stories

  1. Rossi: Fitting in will be Kang’s biggest hurdle
  2. Power play shines in Penguins’ home victory over Blue Jackets
  3. Penguins notebook: Pouliot dazzles in victory over Blue Jackets
  4. Sales, income taxes increases expected in Gov. Tom Wolf’s budget
  5. Pirates starting pitcher Worley is in right place, right time with team
  6. Shale drilling boom a bust for some Western Pennsylvania towns
  7. Duquesne University football player died by suicide
  8. LaBar: Is Brock Lesnar leaving WWE again?
  9. Pitt’s NCAA Tournament hopes take a hit with loss to Wake Forest
  10. Icy roads causing multiple accidents Sunday evening
  11. Women encouraged to become engineers