TribLIVE

| News

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

Murrysville woman pleads guilty to mortgage fraud scheme

Email Newsletters

Click here to sign up for one of our email newsletters.

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. Bubble players get last chance to impress Steelers
  2. 4-year-old transplant recipient Angelo Giorno from Derry on life support, family says
  3. Steelers accomplish mission to get younger, faster on defense
  4. Movement along the offensive line continues for Pitt as opener approaches
  5. Jeannette native Pryor’s fate hangs in balance
  6. Hacker stuns Dayton family with computer takeover
  7. MLB notebook: Fenway fan injured after trying to catch foul ball
  8. Don’t miss matchups for Week 1 of WPIAL football season
  9. Valley will feature dynamic duo in Bradley, King
  10. Penn State impact safety Allen working to improve
  11. In reworking contract, Steelers WR Brown gets hefty pay raise