News


Additional Arrests Made in Tampa Mortgage Fraud Scheme

 
Today the Florida Department of Law Enforcement (FDLE) Tampa Bay Regional Operations Center announced the arrest of William Bolton, 33, and Stephanie Bolton, 33, both of Tampa, Fla. William Bolton is being charged with one count of racketeering, one count of conspiracy to commit racketeering, and two counts of grand theft. Stephanie Bolton is being charged with one count of racketeering, one count of conspiracy to commit racketeering, and one count of grand theft. Bond for both individuals was set at $700,000. Both were booked into the Hillsborough County Jail.

 
These two arrests brings to a total of seven individuals who have been charged for their role in a mortgage fraud scheme that spanned Pinellas, Pasco, Hillsborough, Hernando, Osceola, Seminole and Orange counties and other jurisdictions. The investigation centered around 50 fraudulent mortgage applications involving 33 properties that were purchased from April 21, 2003 to Dec. 14, 2007. Many of the fraudulent loans were the personal loans of the subjects arrested.
 
The subjects prepared and submitted 50 fraudulent residential mortgage loan applications and associated documents to residential mortgage loan lenders. The purpose for the submissions was to deceive the lenders into believing that the fraudulent documents were true and accurate, thereby convincing the lender to fund the loans. Ultimately, the lenders approved the residential loan applications and funded 50 mortgage loan applications totaling approximately $8.8 million. Of the properties involved, 22 were the subject of foreclosure proceedings which resulted in over $3 million in final judgments.
 
The following individuals were arrested on April 20, 2011, and were also booked into the Hillsborough County Jail:
 
  • David Barile, 43, of Tampa, was charged with one count conspiracy to commit racketeering, and received a $700,000 bond;
  • Melissa Barile, 35, of Tampa, was charged with one count conspiracy to commit racketeering, and received a $400,000 bond;
  • Eric Rivero, of Tampa, was charged with one count of racketeering, and one count of conspiracy to commit racketeering, and received a $600,000 bond;
  • Craig Hudson, 39, of Tampa, was charged with one count of racketeering, one count of conspiracy to commit racketeering, and one count of grand theft, and received a $700,000 bond; and
  • Lynne B. Hudson, 34, of Tampa, was charged with one count of racketeering, and one of count conspiracy to commit racketeering, and received a $600,000 bond
 
For Further Information Contact:
Heather Smith, Keith Kameg, or Kristi Gordon
Office of Public Information
(850) 410-7001