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Murrysville woman pleads guilty to mortgage fraud scheme

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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.

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