The Joplin Globe, Joplin, MO

February 12, 2013

Oklahoma woman sentenced in $4.7M New Jersey mortgage fraud


From The Associated Press

TRENTON, N.J. — Federal prosecutors say an Oklahoma woman who admitted running a mortgage fraud scheme in New Jersey that generated $4.7 million in fraudulent loans has been sentenced to four years in prison.

Thirty-six-year-old Taya Romano will also have to serve three years of supervised release once she’s freed from prison and make restitution.

A former resident of Ridgewood, Romano pleaded guilty in January 2011 to a federal charge of mail fraud affecting a financial institution.

Prosecutors say that between 2008 and 2009, Romano conspired with her then-husband to solicit and obtain money from two sets of family friends in New Jersey. They say Romano said the investments in what Romano said were purchases of apartment complexes and undeveloped land in Oklahoma.