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Vienna man pleads guilty to mortgage fraud
A Vienna man, his brother, and a Leesburg man have pleaded guilty to conspiring to commit bank fraud in connection with several real estate mortgage loans they and their co-conspirators obtained between April 2004 and September 2006.
Mohammed Rababeh, 29, of Vienna, and Ahmed Rababeh, 31, of Haymarket, pleaded guilty on Sept. 24.
Sentencing for both Mohammed and Ahmed Rababeh has been set for Nov. 28, before United States District Judge Claude M. Hilton.
According to court records, the two men conspired with Randolph Baltimore, 50, of Leesburg, to submit fraudulent loan applications overstating Baltimore’s income and omitting his liabilities, so that Baltimore could purchase properties Mohammed and Ahmed Rababeh wanted to sell.
The two men agreed to pay Baltimore $27,500 to serve as the buyer on four such properties including two Vienna properties valued at more than $500,000 each.
According to the United Ststes Attorney's Office, Mohammed and Ahmed Rababeh engaged in similar fraudulent schemes to obtain loans to buy properties in their own names.
Mohammad Rababeh allegedly obtained more than $2 million in such loans, and the losses to the lenders could be as much as $1 million.
According to court records, one of the four properties, located in Falls Church, was purchased with a loan fraudulently obtained from Long Beach Mortgage, a subsidiary of recently bankrupted Washington Mutual Bank.
Baltimore pleaded guilty to the conspiracy on June 24, and was sentenced by United States District Judge Claude M. Hilton on Sept. 26.
Baltimore was sentenced to 12 months and one day in prison, along with having to make a mandatory restitution payment of $296,070 to be paid jointly with any co-defendants who are ordered to pay restitution for the same losses.
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