Topic - Alma Preciado

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  • 'Little Madoff' returned to Maryland after capture in Mexico

    Two summers ago, Alma Preciado, once a rising figure in Maryland politics and a successful mortgage broker, was scheduled to be sentenced in Montgomery County after she pleaded guilty to theft in a loan deal that cost a retired couple $350,000.

  • Preciado captured in Mexico

    Alma Preciado, a mortgage broker and one-time prominent figure in Maryland politics, has been captured in Mexico more than a year after she skipped her sentencing in a mortgage fraud case that prompted a judge to call her Montgomery County's own "little Bernie Madoff."

  • Roger Vales and his wife, Lourdes, reflect on the loss of their retirement savings near the U.S. District Court House in Greenbelt. They were victimized by a mortgage-fraud scheme, a form of fraud that's on the rise. "Mentally, it's drained us. It's been a nightmare," Mrs. Vales said. (Astrid Riecken/The Washington Times)

    Devastating deception costs a couple

    With mortgage fraud rising sharply across the U.S., there are many cautionary tales about the pitfalls of a deal too good to pass up.

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