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.

 

 
 


Show commenting policy

Most-Read Stories

  1. Roundup: Wealth gap largest on record, Pew study shows; McDonald’s in Japan limits orders of fries; more
  2. Starkey: Pederson had to go at Pitt
  3. Pederson’s 2nd tenure as the athletic director at Pitt comes to abrupt end
  4. Chryst returns home, named football coach at Wisconsin
  5. Philly DA says no affidavits claimed by AG Kane in bribery case existed
  6. Steelers, young and old, thirst for opportunity to reach the postseason
  7. QB Smith is chief concern for Steelers’ defense
  8. Demolition project at Oliver’s Pourhouse in Greensburg moves forward
  9. Penguins continue to thrive, despite spate of ailments
  10. Home of LeNature’s exec up for sale
  11. Rice Energy spin-off priced below expected range
Subscribe today! Click here for our subscription offers.