Finally these scammers going to jail

So for those of you who didnt know- 2 years ago aaron and I were in these peeps ward and aaron worked for them despite my bad feeling about it- eventually we quit- these people were crazy and we KNEW they were crooked! The Tuckers screwed over my parents after claiming that Aaron and I were bad kids by not buying their house, they swooped in behind our back and scammed my parents big time, like taking all the money for the house and leaving my mom to pay the taxes of the sale! Then they had the nerve to show up at dads funeral! Heres to hoping that mom gets some money from this claim!!!! Below is the Article. Aaron and I are waiting for an "American Greed" episode on them.

Thousand Oaks couple pleads guilty to bank fraud in real estate scheme

A Thousand Oaks couple pleaded guilty to bank fraud in connection with a scheme that prosecutors say involved fraudulent loan applications and bilking friends from church who invested with the pair.

Terrance George Tucker, 64, and Sonya Tucker, 64, entered their pleas last week in U.S. District Court in Los Angeles. Each pleaded guilty to two counts of bank fraud. Each bank fraud count carries a maximum penalty of 30 years in prison.

The couple will be sentenced on July 13.

The Tuckers were arrested in Stillwater, Okla., where a relative ran the processing part of the mortgage business. They were found on the relative’s property “living out of their million dollar motor home, which is now the subject of forfeiture action,” by federal agents, Prosecutor Mark Aveis said.

The Tuckers fled California, where they operated Tucker Mortgage in Thousand Oaks and San Diego.

The two were accused of operating a “mill,” a real estate finance scheme where two or more individuals broker numerous real estate loans made by banks or lenders by using fraudulent documents, according to court documents. The mill scheme generated more than $31 million.

“The Tuckers’ ill gotten gain was gain from a variety of sources,” Aveis said, adding the couple profited from loan brokerage fees, real estate commissions and fees assessed to investors, who were primarily church friends, who were unaware of the couple’s activities.

Terrance Tucker’s attorney, federal public defender Dean Gits, and Sonya Tucker’s attorney, Gregory Nicolaysen, did not return calls for comment.

The loan applications were filed with banks including Washington Mutual, Wells Fargo, Bank of America, Chevy Chase Bank and Downey Savings. The Tuckers, who profited from the loan brokerage fees, would falsely claim their customers would make cash down payments, overstate their clients’ income and misrepresent their employment, according to court documents.

The couple told clients they could secure 100 percent financing through a combination conventional loans and hard money loans, so their customers could purchase property. Hard money loans are short-term loans made at a high interest rate and usually issued by an individual to a borrower with low creditworthiness, according to court documents.

The couple arranged about $4.5 million in hard money loans. The Tuckers turned to friends and fellow members of the Mormon church to invest in the loans, according to court documents. When the investors demanded repayment, the Tuckers would advise their loan customers to apply for home equity lines of credit, which the couple would control once they were obtained.

The couple often would not repay the investors, encouraging them instead to reinvest and “roll over” their funds into new hard money loans. Most of those loans were never repaid, according to court documents.