FOR IMMEDIATE RELEASE
September 15, 2010
Contact: Special Agent David Melenkevitz
Miami Man Sentenced to Ten Years for
Mail Fraud in Connection with Mortgage Fraud Scheme
SEP 15 -- MIAMI - Special Agent in Charge Mark R. Trouville, Drug Enforcement Administration (DEA) Miami Field Division, Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Daniel W. Auer, and Special Agent in Charge, Internal Revenue Service (IRS), Criminal Investigative Division, announce today’s sentencing of defendant Manuel Ruiz Quiroz. U.S. District Court Judge K. Michael Moore sentenced Quiroz, 43, of Miami, to 120 months in prison.
Quiroz was convicted by a Fort Pierce jury in June 2010 on two counts of mail fraud in connection with his submission of loan applications and false supporting documents to obtain mortgages to refinance and purchase two homes in Port St. Lucie, Florida. The two closings took place on February 10, 2006.
According to the evidence presented at trial, Quiroz provided false information on the loan applications regarding his employment, income, and personal assets in order to obtain more than $400,000 in mortgage loans. Quiroz procured and submitted false pay stubs, W2 tax forms, and forged bank statements that inflated his personal account balance, thus qualifying him for the loans. In addition to the two transactions in February 2006, the evidence showed that Quiroz had engaged in the same type of fraud in connection with another home purchase in January 2005.