Rock Hill woman pleads guilty to fraud charges -

Rock Hill woman pleads guilty to fraud charges

( -- A Rock Hill, Missouri woman pleaded guilty on Monday to charges that she made a false statement in connection with government backed financing of her home in 2008.

The following information is from a news release from the Eastern District United States Attorney's Office: 
According to the plea agreement, Collins-Davidson and her girlfriend agreed to falsify their income to qualify for financing of the home.  Collins-Davidson enlisted a friend to make a false employer verification to the lender to support the false income information included on the loan application.  

Since the mortgage was backed by the Federal Housing Administration, the false statements on the loan application related to government business.  Now that the home has fallen into foreclosure, the loss associated with the mortgage is approximately $50,000.
Collins-Davidson, 30, St. Louis, 63104, pled guilty to one felony count of making a false statement before United States District Judge Audrey G. Fleissig.  Sentencing has been set for January 5, 2012.
She now faces a maximum penalty of five years in prison and/or fines up to $250,000.  In determining the actual sentences, a Judge is required to consider the U.S. Sentencing Guidelines, which provide recommended sentencing ranges. 
The case was investigated by the Department of Housing and Urban Development Office of the Inspector General.  Tom Albus handled the case for the U.S. Attorney's office.

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