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. Pirates’ Worley tosses 4-hit shutout vs. Giants
  2. Westmoreland women stole thousands to finance dog show appearances
  3. Pirates expect high prices in trade market
  4. Steelers notebook: Team hasn’t called on Keisel, Harrison yet
  5. Pittsburgh Brewing tries to reconnect with region, return to glory days
  6. Steelers hoping that youth movement breathes life into team
  7. Police say naked woman stabs three women during street fight in McKees Rocks
  8. Glassport Scout completes Eagle Project
  9. Steelers linebacker Spence confident he can avoid injury setbacks
  10. White Oak man ordered to pay fine in gambling ring case
  11. Inside the ropes: Shazier shows off speed
Subscribe today! Click here for our subscription offers.