Bergen County Woman, Adult Daughter Accused In Loan Modification Scheme
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:
- Nepal Earthquake Death Toll Climbs Past 2,700
- Monsey Park Closed Following Sunday Afternoon Bear Sighting
- Two Injured When SUV Crashes Into Store In Queens
- Sen. Gillibrand Pushes For Nationwide Online Voter Registration System
(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 This material may not be published, broadcast, rewritten, or redistributed.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.)