HACKENSACK, N.J. (CBSNewYork/AP) — An Englewood Cliffs, N.J. woman and her adult daughter were facing money laundering charges Tuesday, stemming from an alleged loan modification scheme.
Anna Lee, 54, allegedly took $300,000 in payments from several clients for loan modification services, including attorney fees, escrow funds and processing fees, according to the Bergen County Prosecutor’s office.
Prosecutors alleged Lee then used the money for personal expenditures, causing several victims’ properties to go into foreclosure.
Authorities said Lee laundered the money through her company, Donche Consulting Corp. Her 25-year-old daughter, Jennifer Lee, allegedly laundered some of the funds through her personal bank accounts.
Both women were arrested Monday, and each was being held on $75,000 bail. It was not known if either had retained a lawyer.
Check Out These Other Stories From CBSNewYork.com:
- State Sen. Espaillat Declares Victory In 9-Way Dem Primary Race For Rangel’s Congressional Seat
- Family’s Demands For Justice Lead To Manslaughter Indictment In Deadly Fort Greene Accident
- SPCA: New Jersey Couple Hoards 100 Cats Inside Small Condo
- ‘You Have To Fight Fire With Fire’: Trump Calls For Return Of Waterboarding Following Istanbul Terror Attack
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)