- A real estate couple created fictitious contracts for loans from commission companies, for each official.
- The fake contracts included real estate not for sale and non-existent buyers and sellers.
- The couple were sentenced to 15 months in prison and paid $146,273 in compensation.
The Department of Justice said Thursday that a team of a Virginia realtor and his wife have been sentenced to 15 months in prison for electronic fraud after stealing $300,000 in presale commission by creating fake housing sales contracts.
Prosecutors said Jesse Allen DeLoach, 40, and Natasha Ashley Miller DeLoach, 38, created at least 19 fraudulent housing contracts between March 2016 and November 2019 and submitted them to multiple advance commission companies, according to the Prosecution.
The couple also modified their existing residential sales contracts to make it appear as if no other real estate agent was involved in the sale to double their commission and created non-existent businesses to validate the fake contracts, according to prosecutors.
Prosecutors said the commission companies often loaned realtors money, and in this case, the companies gave the money after receiving contracts that looked real but were in fact fake. For example, it included properties that were not on the market, or included the names of non-existent buyers and sellers, officials said.
The couple pleaded guilty in February 2022. According to prosecutors, the couple agreed to pay an additional $146,273 in compensation.
When investigators asked him why the couple committed the fraud, the pair said, “The bills were tight,” according to The Miami Journal. Announces.