- Associated Press - Wednesday, May 7, 2014

LAS VEGAS (AP) - A California accountant has been convicted of federal mortgage fraud in southern Nevada.

A jury found 43-year-old Carmen Denise Mosley of Granada Hills guilty Tuesday of conspiracy and fraud charges in a scheme that prosecutors say cost federally insured financial institutions more than $1.5 million.

She faces up to 30 years in prison and up to $4 million in fines at her sentencing set for Aug. 6 in federal court in Las Vegas.

Prosecutors say Mosely conspired to obtain loans by causing false information to be placed in the buyers’ mortgage loan applications.

U.S. Attorney Dan Bogden says she is one of hundreds of people who worked in the housing and mortgage industry who have been convicted of mortgage fraud crimes in southern Nevada over the last six years.

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