- Associated Press - Friday, April 6, 2018

CAMDEN, N.J. (AP) - A former detective with the Atlantic County Prosecutor’s Office is headed to prison for her role in a mortgage fraud conspiracy scheme.

Federal prosecutors say Betsy Borges bought property in Mays Landing in 2002 and then failed to make the mortgage payments despite collecting rent from tenants living there. Borges also concealed the rent income she made.

Borges subsequently arranged with a bank for another woman to buy the property through a short sale. But prosecutors say the women didn’t tell the bank they had a “familial relationship” or that Borges and another conspirator gave the other woman money to buy the property.


TOP STORIES
AOC says 'white supremacist sympathizer' Tucker Carlson is keeping her from going on Fox News
Bill Clinton leak exposes Democrats' double standard on impeachment
Majority of voters now oppose impeachment: Quinnipiac poll


A company owned in part by Borges bought the property four years later for $25,000. A few months later, Borges bought it for $1.

Borges received an 18-month sentence Thursday. She also must pay $206,405 in restitution.



Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2019 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide