- Associated Press - Sunday, May 17, 2015

NEWARK, N.J. (AP) - A former real estate title agent has been sentenced to nearly seven years in prison for carrying out a mortgage fraud scheme in which she obtained seven loans, totaling more than $3.7 million, on two northern New Jersey properties.

Federal prosecutors say 48-year-old Ania Nowak, of Belvidere, received the 66-month sentence Friday. She also must serve three years of supervised release once she’s freed and pay slightly more than $2 million in restitution.

Nowak pleaded guilty to conspiracy to commit wire fraud, admitting that she obtained the loans through fraudulent means.

For each of the seven loans, she lied on loan documents and failed to pay off prior mortgages at closing. She also failed to record the mortgages and any deeds.

Most of the loans went into default for non-payment.



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