Regional broker charged in advance for loan scam – again | Business Observer
A Hendry County loan broker has been arrested for his role in an alleged fraudulent advance for a loan scheme tied to a Fort Myers brokerage – his second loan scam arrest in the past decade.
The broker, Sammie Sue Doss, was charged with grand theft, fraudulent use of personally identifiable information and violation of Florida loan broker laws. The victims’ losses are estimated at more than $17,000, according to a statement from the Florida Office of Financial Regulation. The OFR investigated the matter and the Hendry County Sheriff’s Office executed the arrest warrant, the statement added.
Doss allegedly assessed and collected upfront fees based on promises to secure mortgages. The loans never materialized, authorities say in the statement, “and some victims say Doss further pressured them into making additional payments.”
Doss, using the alias “Sammie Trevino,” was also a named respondent in an OFR review of a licensed mortgage brokerage firm doing business as AA Signature Mortgage Inc. in Fort Myers, officials said. The OFR terminated the license of AA Signature Mortgage Inc. following the review.
In 2011, following an investigation by OFR and the Collier County Sheriff’s Office, Doss did not contest a third-degree felony charge for a similar advance for a loan program. She was sentenced to one year probation and ordered to pay restitution and costs, the release said.
“Fraud can ruin lives and it’s especially horrifying when it’s committed by a trusted financial advisor,” Florida Chief Financial Officer Jimmy Patronis said in the statement. “Thank you OFR for their diligence in stamping out fraud throughout the State of Florida. Thank you also to the Hendry County Sheriff’s Office and the State’s Attorney’s Office, 20th Judicial Circuit, for all you made to keep Florida communities safe. I hope this arrest serves as a warning to other criminals that if they commit fraud in Florida, they will be held accountable.”