Murrysville woman pleads guilty to mortgage fraud scheme
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Man dies in jump from Route 130 overpass onto passing tractor-trailer in Hempfield
- Penguins a love affair for Evancho sisters
- Starkey: Penguins’ season impressive so far
- Pitt football team working to fatten up QB sack total on defense
- Pirates’ search for division title rests on starting rotation’s health
- Police investigate pair of fatal rush hour incidents in Shaler, Marshall
- Hornqvist’s net-front presence with Penguins could be valuable asset
- Pittsburgh Police charge Allentown couple with abusing pit bull puppy
- The Wine Cellar: Wine can enhance, balance the traditional dishes of Passover, Easter
- Nutrition organization-sponsored conference busts whole-grain myths
- Pirates again approach Polanco about contract extension