BALTIMORE, Md: - An Anne Arundel County woman was sentenced to four years in prison Friday, after plleading guilty to her involvement in a $4.8 million mortgage fraud scheme.
Bonnie Kreamer, 49, was ordered to pay restitution of $2,499,048 to the victims.
According to her plea agreement, in 2002, Kreamer's Maryland license to issue title insurance policies was revoked after she was convicted of theft for fraudulently endorsing checks at a title attorney's office where she worked.
Despite her conviction, from 2007 until 2010, Kreamer worked at Sanford Title Services LLC located in Columbia, and had significant day-to-day responsibility for the operation of Sanford Title.
Kreamer and co-conspirators Niesha Williams, Rhonda Scott, Emeka Udeze and Demetrius Peete arranged various aspects of real estate transactions so they could siphon profits out of the transaction for themselves.
Kreamer admitted that the scheme involved at least 30 victims, including lenders, sellers and buyers of real estate, a title insurance company and lien holders.
Williams, 34,Fort Washington,Scott, 52, of Oxon Hill, Peete, 46, of Manassas, Virginia each previously pleaded guilty to their roles in the fraud and are scheduled to be sentenced on May 1, May 2 and May 7.
Gregory Greene, 49, of Waldorf, also pleaded guilty and was sentenced to three months in prison and ordered to pay restitution of $404,596. A fifth conspirator, Emeka Udeze, 38, of Bowie,also pleaded guilty and is awaiting sentencing.