From the Mortgage Fraud Blog –
Delderico L. Lee, 31, Lawrenceville, Georgia, was sentenced to twenty months in prison to be followed by five years of supervised release. He was also ordered to pay $220,488.25 in restitution. Lee plead guilty to bank fraud on February 3, 2006 in connection with his abuse of a line of credit to steal more than $220,000 from Bank One, N.A., now known as JP Morgan Chase & Co, as well as attempts to obtain mortgage loans based on false bankruptcy documents.
According to United States Attorney David E. Nahmias and the information presented in court:
On March 31, 1998, Lee filed a voluntary petition for bankruptcy under Chapter 7 of the United States Bankruptcy Code. Lee‘s bankruptcy petition was assigned to Judge Stacy W. Cotton of the United States Bankruptcy Court for the Northern District of Georgia, who declared Lee bankrupt and entered a court order to that effect on September 2, 1998.
On April 27, 2001, Lee applied for a home equity line of credit from Bank One. In completing the line of credit application, Lee falsely claimed that he not been declared bankrupt within the last seven years. In addition, Lee tendered a forged bankruptcy order, purportedly executed and entered by Judge Cotton, which falsely represented that Lee‘s voluntary bankruptcy petition and Judge Cotton’s subsequent discharge order had been filed in error. Lee obtained the line of credit as a result of the misrepresentation.